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Cuba gives green light to MasterCard at Havana ATMs

Cuba gives green light to MasterCard at Havana ATMs

Posted by PanamericanWorld on June 28, 2016

Starting this week, Havana ATMs are accepting MasterCard cash advances, including those from Stonegate Bank, the first U.S. bank authorized to provide this service on the communist island, and the Banco Popular de Puerto Rico.

The Cuban Central Bank's vice president Irma Margarita Martinez confirmed Monday that MasterCard is already being accepted at Cuban sales points along with Visa cards, which have been authorized on the island for some time.

"That possibility is starting now that the pending financial and legal issues have been resolved and thanks to the efforts of the Cuban entities tasked with processing MasterCard and the foreign provider who is facilitating the handling of its operations for us," she said in a BCC communique made available to the press.

The Cuban bank said that the service, which at first will be offered only in the capital, will be expanded "to the entire country" in the future.

Martinez also spoke of her willingness to "continue expanding" the types of U.S.-bank-issued credit cards authorized for use in Cuba.

She said that currently banking transfers from the United States to Cuba are still being done via third countries due to restrictions imposed by Washington's economic, financial and trade embargo on the island.

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