Cuba announces it will suspend Visa and Mastercard payments following recent U.S. sanctions that affect payment processing. According to Cuba’s central bank, the change starts on June 6, when Cuba halts card transactions handled through a foreign bank that processes Visa and Mastercard payments in the country. The central bank says it receives a communication from that foreign bank informing Cuba of its decision to terminate its relationship with Fincimex SA, a Cuban financial institution used for transactions involving Visa and Mastercard. Multiple outlets report that the bank’s move follows U.S. sanctions and that it forms part of a broader pattern of foreign businesses and financial ties being cut in recent days. Some reports also note that Cuba has faced other U.S. measures affecting sectors such as energy, and that Washington-Havana relations have further deteriorated amid the sanctions environment. The central bank’s statement attributes the suspension to the foreign bank’s compliance with U.S. sanctions, rather than to a domestic policy decision unrelated to the U.S. restrictions. As a result, card payment access for Visa and Mastercard customers inside Cuba is disrupted starting June 6.
Cuba suspends Visa and Mastercard payments after U.S. sanctions prompt bank to cut ties
Cuba announces it will suspend Visa and Mastercard payments following recent U.S. sanctions that affect payment processing. According to Cuba’s central bank, the change starts on June 6, when Cuba hal...
- Cuba’s central bank says Visa and Mastercard payments are suspended starting June 6.
- The suspension follows a U.S. sanctions impact on payment processors and compliance by a foreign bank.
- Cuba says it received notice from the foreign bank that it is terminating its relationship with Fincimex SA.
- Fincimex SA is described in reporting as the financial arm associated with GAESA, a state-backed military conglomerate sanctioned by the U.S.
- Several foreign businesses and financial ties reportedly have been severed from Cuba in recent days amid the sanctions pressure.
Cuba halts Visa and Mastercard transactions from June 6 as US sanctions force payment processors to cut ties. Learn what this means for the island.
7 hours agoWashington-Havana relations have tumbled as the United States has slapped sanctions on Cuba, which has also been under a US-imposed energy blockade since January.
5 days agoA number of foreign businesses have severed ties with the Caribbean island in recent days
6 days agoHAVANA, Cuba (AFP) — Visa and Mastercard payments in Cuba will be suspended from Saturday after United States (US) sanctions prompted a foreign bank to sever ties with a state-backed financial institution, Cuba's central bank said Wednesday. "On June 2, we received a communication from the foreign bank that processes transactions carried out in Cuba using Visa and Mastercard, informing us of its decision to terminate its relationship with Fincimex SA," the central bank said in a statement. Fincimex is the financial arm of Cuba's US-sanctioned military conglomerate GAESA.
6 days ago
US appeals tariff-refund order after Supreme Court ruling; CBP processes refunds
The Trump administration formally appeals an order requiring refunds of roughly $166 billion in tariffs that the U.S. Su...
Asian stocks mixed as Iran-war uncertainty weighs on oil and follows Wall Street moves
Asian markets trade mixed as investors react to shifting signals from Wall Street and uncertainty around a possible Iran...
SpaceX files for record-setting IPO targeting up to $75 billion
SpaceX has filed documents for an initial public offering (IPO), setting up what multiple outlets describe as a potentia...