Tilopay Is Now in Panama! A New Option for Processing Online Payments

Panama’s eCommerce ecosystem continues to grow and evolve, and Tilopay’s arrival in the region marks a major step forward in online payment processing. Now operating as a payment facilitator, Tilopay offers you greater flexibility and efficiency by eliminating the need to rely on a specific bank for onboarding. Instead, you can choose which bank receives your settlements.

This development marks a major change from Tilopay’s previous offering, which was limited to active BAC Credomatic customers. The platform now extends its services to all merchants with a bank account at any financial institution in Panama. Digital onboarding takes less than 5 minutes, and you can begin securely processing payments in less than 48 hours.

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What Does Tilopay Offer in Panama?

1. Integrations with multiple eCommerce platforms

Tilopay integrates with multiple eCommerce platforms, including WooCommerce, Shopify, PrestaShop, Adobe Commerce, BigCommerce, Wix, and others. This flexibility gives you smooth, hassle-free payment management, regardless of the platform you use for your online store. You can focus on growing your business while Tilopay simplifies the technical management of your eCommerce operation.

2. Fast onboarding

Tilopay’s onboarding process is fast and efficient, taking less than 5 minutes to complete. Your account will be ready to process payments in just 48 hours, helping you get to market quickly. Panama’s eCommerce ecosystem continues to grow and evolve, and Tilopay’s arrival in the region marks a major step forward in online payment processing. Now operating as a payment facilitator, Tilopay offers you greater flexibility and efficiency by eliminating the need to rely on a specific bank for onboarding. Instead, you can choose which bank receives your settlements.

This development marks a major change from Tilopay’s previous offering, which was limited to active BAC Credomatic customers. The platform now extends its services to all merchants with a bank account at any financial institution in Panama. Digital onboarding takes less than 5 minutes, and you can begin securely processing payments in less than 48 hours.

3. On-site payments

With Tilopay, your customers can complete their purchases securely and directly on your website without being redirected. This feature significantly improves the checkout experience and increases conversion rates.

4. Daily settlements

Tilopay offers daily, weekly, biweekly, or monthly settlement options to meet your business’s specific needs and ensure consistent, timely cash flow.

5. More than 16,000 customers across the region

Tilopay already serves more than 16,000 customers across Central America and the Caribbean, strengthening its presence and commitment to advancing eCommerce in the region. In Panama, the company has demonstrated its ability to operate effectively and already has a significant customer base.

Reasons to Choose Tilopay

Tilopay not only offers an efficient payment solution but also stands out for its focus on innovation and speed. The platform uses artificial intelligence to optimize onboarding and document review, delivering a streamlined digital experience compared to traditional bank onboarding processes, which can take up to eight weeks.

Key benefits include:

• Advanced Security: All transactions take place in a PCI DSS-certified environment. Tilopay also uses advanced fraud detection systems and verifies transactions through KOUNT and 3DS 2.0 for VISA and Mastercard cards.






• Smart Routing: Optimizes payment processing to maximize transaction approval rates.






• Control and Management: Tools to manage and restrict sub-user access to the admin dashboard, ensuring appropriate control over your business information and operations.

Focus on the Panamanian Market

With projected revenue of USD 1,173 million for 2024 and a compound annual growth rate of 7.5% through 2028, Panama represents a booming eCommerce market, according to EcommerceDB. In this environment, Tilopay stands out as a competitive and efficient option tailored to the specific needs of Panamanian merchants.

Tilopay’s arrival in Panama is positive news for the growth of eCommerce in the region. You can create an account in less than 5 minutes by visiting start.tilopay.com/pty.