← Embedded Finance Index 2026

Towerbank

Can a Panamanian bank modernize its core infrastructure and expand LATAM payment services while maintaining a full-service banking license?

HQPanama City, Panama
IndustryBank / Community
The story

Towerbank International Inc. is a Panamanian bank regulated by the Superintendency of Banks of Panama, offering a full range of retail and corporate banking products including savings accounts, credit cards (VISA Classic/Gold/Infinite), consumer loans, mortgages, leasing, and trade finance. The bank has differentiated itself by building TowerPay, a proprietary LATAM-focused e-commerce payment processing platform settling in US dollars, and by offering crypto-friendly checking accounts. Adoption of Mambu as core banking infrastructure suggests a modernization effort oriented toward cloud-native banking operations.

Last 12 months
Regulated entities
1
regulatory licence held by Towerbank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Towerbank’s embedded-finance stack
Payments / PSP
TowerPay (self-operated)
Lending
in the full report
Accounting gap: significant
11 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.