The promising future of fintechs in Panama
Panama is known as the ‘Latin American Singapore’ for its successful economic evolution...
Banistmo, a new bank which is part of Grupo Bancolombia, will offer factoring among other services.
The International Finance Corporation (IFC) will provide a five-year US$6 million loan to Banco Delta S.A. (BMF), Panama's largest microfinance institution, to support micro and small business entrepreneurs who have little or no access to formal financial services.
According to various expert assessments, the Panamanian factoring market has been growing 10-20pc per year.