The fintech ecosystem in Panama has shown accelerated growth, doubling the number of identified Fintechs between 2023 and 2025, positioning itself as a leader in Central America. This surge is driven both by private initiatives, such as the Fintech Chamber of Panama and its entrepreneurs, and by efforts implemented by public entities like the Financial Coordination Council, fostering regulated innovation. However, the lack of a specific legal framework limits the full development of the sector. Multiple key opportunities are identified for banking modernization, the adoption of open banking schemes, and regulatory consolidation, all necessary to establish Panama as a regional hub for secure and inclusive financial innovation.
