According to estimates, Panamanian consumers are now more likely to buy from establishments close to where they live than they were a year ago.

According to a survey conducted by the credit card company Mastercard, in the current business scenario that emerged in an accelerated manner due to the covid-19 outbreak, 85% of buyers in Panama are focused on spending money in their local communities.

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The research results detail that eight out of ten people have discovered new stores in their community since the start of the lockdown and the vast majority of this consumer group intends to continue shopping locally.

Daniel Acosta, Mastercard’s Vice President of Commercial Products, Latin America and the Caribbean, told Martesfinanciero.com that “… as people reconnect with their local communities, they are rediscovering the enormous number of varied and unique businesses in their local neighborhoods.”

See “Convenience stores: Potential Business Demand”

Greengrocers, greengrocers, cafes, local restaurants, bakeries, barber stores, beauty salons, clothing stores, bars, gift stores and butcher stores are some of the businesses that according to their proximity to residential areas would have a potential for recovery.

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