Panama Banks Launch Mobile Xpress for Instant Transfers

Panama City – Revolutionizing Interbank Transfers with Xpress

Panama is stepping into a new era of digital banking with the launch of Xpress, a service that allows instant interbank transfers using only a mobile phone number. Spearheaded by Banco Nacional de Panamá and BAC Panamá, Xpress aims to simplify financial transactions, making them more accessible and convenient for everyday users.

Xpress: A Paradigm Shift in Panamanian Banking

Xpress is not just another banking app; it’s a paradigm shift in how Panama views and handles money transfers. By utilizing mobile phone numbers, Xpress eliminates the complexities of traditional banking, making it easier for users to send and receive money.

“En BAC Panamá, nos caracterizamos por liderar la innovación y la transformación digital. Desde ACH Xpress en el 2022 hasta ahora Xpress de Telered, nos enorgullece continuar siendo pioneros en el lanzamiento de soluciones financieras que facilitan el día a día de nuestros clientes y nos ayuden a reimaginar la banca panameña,” stated Ramón Chiari Brin, Presidente Ejecutivo of BAC Panamá, highlighting the bank’s commitment to innovation.

Telered is the tech company behind Xpress. Alexander Acosta, Gerente General y CEO de Telered, highlighted the goal of making banking “más simple, rápida y accesible para todos”.

Security and Expansion

“Para todos los clientes de Banco Nacional de Panamá a aprovechar las bondades de Xpress, para hacer pagos, transacciones y recargas de una manera fácil, rápida y segura, al igual que lo están haciendo con BEN,” said Javier Carrizo Esquivel, Gerente General de Banco Nacional de Panamá.

How Xpress Works