Photo, from left to right: Jorge Morgan, Executive President of MMG Bank. Jorge Enrique Vallarino, General Manager of Global Bank. Nathalie Angulo, Representative of Kuara. Alfonso Prieto, Executive President and General Manager of Banesco.

(Apr 26/2024) Panama - The launch of Kuara was announced, an independent platform designed to transform the way people carry out their financial transactions in Panama.  Kuara arises with the purpose of promoting financial inclusion and expanding online payment options, offering an experience characterized by its efficiency, security and convenience.  This innovative platform will allow users to make payments securely without sharing information with third parties, initially using the cell phone number as an identifier.  In addition, Kuara will be incorporated into the Electronic Banking of each of the affiliated entities, which will further facilitate the transaction process.

Nathalie Angulo, representative of Kuara, commented: «The name Kuara not only evokes a currency known to everyone, but also represents ease, versatility and above all trust. “We wanted something that resonated with everyone, was easy to remember, and at the same time reflected our mission to simplify and democratize financial services.” Kuara marks a milestone in the evolution of financial services in Panama.  In its initial phase, Kuara will be available to clients of Global Bank, Banesco, MMG Bank and Banistmo has also joined. 

The platform will continue to evolve in the coming months, with the incorporation of other financial entities and the implementation of new functionalities, such as payment to businesses.  Kuara invites all financial institutions to join the new era of mobile payments, where financial inclusion and payment options are accessible to all. Each of the affiliated banks will announce through their official channels the date on which their clients will be able to use this innovative platform and enjoy its benefits.