Transport Platforms: Ban on Cash Collections

Since October 1, technological platforms dedicated to transport services operating in Panama will no longer be able to collect cash from their customers, therefore, payments must be made electronically.

Tuesday, October 1, 2019

The Transit and Land Transportation Authority (ATTT) announced that since enough time has been allowed, no further extension will be established for cash payment related to Selective Transportation fares through Platforms based on Information and Communications Technology, explains an official statement.

You may be interested in "Uber and Legal Uncertainty

The document reviews that "... In a note sent to the Minister of Government, Carlos Romero, the director of the ATTT, Miguel Martínez, points out that having completed the 6-month extension established in Decree 47 of 2018, it was not possible to decree a new extension, since by virtue of the provisions of Executive Decree 331 of 2017, the maximum period of extension had been exhausted.

The Director of the ATTT considered that the time elapsed since the enactment of Decree 331 of 2017, that is, 23 months, has been enough time for ICT-based companies to have explored, found and implemented alternatives for electronic collection and payment to replace the cash payment.

Martínez pointed out that not having found alternatives for collection has generated a permanent confrontation with the transportation sector, specifically with those who provide selective passenger transportation services and special tourism services, who are subject to stricter regulations regarding the provision of such services, thereby becoming unfair dumping

Do you need more information about your business sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

Collaborative Economy: New Competitor in Panama

March 2020

In a few days the company DiDi will start operating in the country, an application dedicated to the transport of people and which is already recruiting driving partners.

This is the second market in Central America where the application will compete, since in November 2019 began offering its services in Costa Rica, specifically in San Jose, Cartago, Alajuela, Heredia and Puntarenas.

Uber and Legal Uncertainty

September 2019

For the company's directors, the bill that seeks to regulate the operation in Panama generates "more uncertainty and affects the investment of multinational companies.”

On September 9, a bill was presented to the National Assembly to amend "Executive Decree No.

Uber Regulation Proposed in Panama

September 2019

The use of a certificate of operation, the identification of the car with Uber's logo and the fact that the driver has a type E1 license are some of the proposals that a bill presented to the Assembly compiles.

On September 9, a bill was presented to the National Assembly to amend "Executive Decree No.

Uber Service in Panama Restricted

November 2017

The new regulation for the transport technology platform establishes that the service can be provided exclusively in the provinces of Panama Oeste, Panamá, Colón and Coclé.

From a statement issued by the Presidency of Panama:

Drivers working with transportation technology platforms must be over 21 years of age and have a Type E1 license, issued by the Transit and Land Transportation Authority (ATTT). 

 close (x)

Receive more news about Local Law

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Sep 25)
Brent Crude Oil
Coffee "C"