Banking

Mastercard Now Functioning at Havana ATMs

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Cuba’s central bank and U.S. financial institutions are improving working to improve collaboration on matters of remittances and credit cards regardless of legal problems forced by Washington’s blockade again the Island. Prior this year, as a major aspect of his endeavors to enhance relations with Cuba, U.S. President Barack Obama had loosened restrictions on financial services to decrease risks to American tourists carrying lots of cash while traveling to Cuba. On Monday at the  first Conference on International Monetary Transfers, Irma Margarita Martinez, first VP of the Cuba’s National Bank, made a statement to the press, “Until today, Cuba hasn’t been able to do financial transactions directly with U.S. banks although we’re working together with several institutions to do it in the near future in…

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