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Western Union will vastly expand a U.S. pilot program for money transfers to Cuba, it said on Thursday, opening retail locations across the 50 states and allowing for digital service through its we...
The Biden administration said it would relax rules for sending money to Cuba and reverse former President Donald Trump's policies.
PayPal will start allowing digital money transfers to Cuba through its recently acquired service, Xoom.
Western Union allows transfers up to $2,000 to Cubans on the island who have accounts in Banco Popular de Ahorro, Banco Metropolitano S.A. and Banco de Credito y Comercio. The funds are received the same day but are not paid in dollars to the client but in a local virtual currency known as MLC. “Once money is sent over the Katapulk Marketplace, which includes the website www.katapulk.com or through Katapulk’s mobile applications, the service provides real-time tracking of transactions,” Jones said. “The service aligns with both companie ...
If you live in most countries, sending money to Cuba is no different than any other international money transfer. This isn't the case in the US, however. Although the Obama administration eased res...
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Western Union eases transfers to Cuba
Western Union said on Friday it was suspending U.S. money transfers to Cuba in 10 days due to the Trump administration’s latest sanction on the Communist-run island, in a blow to the many Cubans wh...
The company stopped the money transfers in 2020 after then... and transfers can be sent to three government-operated banks in Cuba -- Banco Popular de Ahorro, Banco Metropolitano SA and...