| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | Panama |
| Sector | Fintech |
| Collapse type | Silent Shutdown |
PanaPay
"Panamanian digital wallet displaced by dollarized banking convenience and Nequi's regional expansion"
Quiet closure with no public announcement
Key Events Timeline
PanaPay launched a digital wallet for Panamanian consumers targeting the segment that found traditional banking slow and fee-heavy, offering instant transfers, QR payments, and remittance features.
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