E-Commerce Multibank
Multibank was founded as an innovative enterprise, with the promise of being a dynamic and visionary alternative to satisfy the banking needs of Panamanian businesses.
We ventured into business transactions with VISA and MasterCard, through POS (both physically and virtually).
We became the first Bank in Panama that offers the “Verified by Visa and Secure Code” service for merchant’s affiliation.
Why Multibank?
- In July 2010 we will be commemorating 20 years of serving the Panamanian and international markets
- Excellent and user-friendly online banking services
- Customer Service oriented policy
Benefits of a Merchant Account with Multibank
- User friendly on-line banking – ACH, wire transfers, credit card payments, etc.
- Complete and clear reports of account, indicating sales, credit and chargeback transactions.
- Verified by Visa” and “SecureCode” are available
- Members of VISA International and MasterCard.
Advantages of E-Commerce in Panama
- Flexible regulation for the business in Panama (Law 43, 2001).
- Avant-garde Panamanian Banking System
- U.S. Dollar currency and the current low – tax business environment
- Government incentives not found in traditional locations of information technology companies.
Our Customers
- Law Services
- Electronics
- Stock Photography
- Financial Services
- Retail
E-Commerce and Consumer Banking
Our years of experience in Panama’s consumption market allows us to offer highly attractive and efficient alternatives that afford costumers personal growth opportunities for responding to their financial needs.
We have begun to actively participate in national and international Fairs to disseminate the alternatives and competitive advantages of personal credit, along with specialized attention and value added to satisfy our costumer´s needs.
Our goal for 2010 is to achieve a total 50% growth of the Consumption Portfolio and to continue to expand the Branches network and the creation of new assistance centers in new areas of the country.
In the area of electronic commerce there is the affiliation of new ISO´s, 50% increases in invoicing and decrease of risk of fraud in the operation.
Our Current Business
- More than 20 million per month on average sales during 2010
- Over 40,000 monthly transactions during 2010
- Around 65 clients processing currently
- More than 85 sites affiliated
The Best Online Banking
- Review of your account balances from any part of the world through Internet
- Request of International wire transfers
- Request of Local Wire Transfers
- Payment and balance of Credit Card
Multibank Main Branch
Via España , No 127 Prosperidad Building
P.O. Box 0823-05627
Panama, Republic of Panama
Contact us:
- Ricardo Mora, Merchant Affiliation Manager
Office Phone: (507) 294-3500 ext. 1513
Fax: (507) 264-3844 - Mario Sánchez, VPA of Credit Cards and Alternate Channels
Office Phone: (507) 294-3500 ext. 1509 / 1585
