Panama Forum

panamajames
Joined 2012
Posts: 5096

4 years ago

Uber Cash Payments in Panama

4 years ago

On September 30, the extension granted by the Panamanian government ends, so that the Uber transportation service platforms can continue to make their cash collections.

The Minister Counselor for Foreign Investment Facilitation, José Alejandro Rojas, said that the payment method to be transported in the Uber system and other technological platforms in Panama must be defined by the Ministry of Government (Mingob) and the Transit Authority and Ground Transportation (ATTT).

The statements of the minister were given Monday during a Cabinet Council in the Presidency Amphitheater.

The transportation platform warned that if the government maintains the ban on cash receipts it will lose half of its customers and jeopardize investments in the country.

In 2017, the administration of the then president Juan Carlos Varela approved this decree that allowed the collection in cash. The decree has been extended three times.

The extension was intended for the platforms to seek management options before the Panamanian banking system or other forms of payment, in addition to the use of the credit card, to help the user pay for the luxury transport service without using cash.

The company has its operations center for the Caribbean in the country and has invested about $ 20 million since 2014, according to George Gordón, general manager of Uber for Latin America, to the French news agency AFP.

The service is an option for 280 thousand users per quarter in the country. The company, which through an application contacts private drivers with users, is promoted as a reliable, safe and friendly service.

Taxi drivers have repeatedly protested against the technology platform claiming that the service provided by Uber is an 'unfair competition' for selective regulated transport in the country.

http://laestrella.com.pa/panama/nacional/plataforma-transporte-uber-presiona-para-quedarse-panama/24138609

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Living in Panama Guide

Our Guide to Living in Panama is a perfect primer for readers interested in Panama. Covers healthcare, cost of living, best places to live, residency, visas, real estate, moving tips and the pros and cons of living in Panama.

Panama Forum
Join our Panama forum to meet other expats and talk about living in Panama.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Panama.

Best Places to Live in Panama

If you're dreaming about living in Panama, here are the 15 Best Places to Live in Panama in 2023.

Healthcare in Panama

Expats have differing opinions about healthcare in Panama. Many advice against public hospitals and healthcare, but some recount good experiences. This article covers public vs private healthcare, cost of healthcare, obtaining prescription medications and much more.

Cost of Living in Panama

Expats in Panama enjoy a relatively low cost of living. However, it's important to do your research to make sure you'll actually enjoy those saving while creating a high quality of life as an expat in Panama.

Moving to Panama Guide

Do you have to buy a round trip ticket when moving to Panama? How difficult is it to bring my dog? Should I buy a home in Panama? Can I find health

Real Estate in Panama

Real estate listings in popular cities and towns in Panama.

Pros & Cons of Living in Panama

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Panama.

Retiring in Panama

Advice for people retiring in Panama.

Panama Visa & Residency Guide

This article covers the ins and outs of the most common tourist and residency visas that expats and global nomads obtain when moving to and living in Panama.

10 Tips for Living in Panama

If you've recently arrived in Panama, here are 10 tips for digital nomads living in Panama.

Additional Information:

Visit our Panama Index for a Full List

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Contribute
Help others in Panama by answering questions about the challenges and adventures of living in Panama.