Last Updated: November 25, 2025

Pana is committed to upholding the highest standards of compliance, safety, and integrity across our financial ecosystem. This Pana Prohibitions List outlines the categories of business activities, spending behaviors, and geographic locations that are either limited or prohibited when using Pana’s services. The Pana Prohibitions List applies to all partners, platforms, and end users (e.g., cardholders) who interact with Pana’s products and systems.

I. Cardholder Prohibitions

A. Pana cards cannot be issued to cardholders residing or registered in the following countries: