Cuba to suspend Visa, Mastercard transactions due to U.S. sanctions, central bank says
Cuba's central bank announced the suspension of Visa and Mastercard transactions starting June 6 due to U.S. sanctions. The sanctions have led to foreign businesses severing ties with Cuba, impacting its economy and tourism industry. The U.S. executive order has prompted an exodus of businesses from the island, further complicating its financial situation.
- ▪Cuba will suspend Visa and Mastercard transactions starting June 6.
- ▪The suspension is due to U.S. sanctions that have affected foreign business operations in Cuba.
- ▪The U.S. executive order has led to a significant reduction in foreign investment and business presence in Cuba.
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Open this photo in gallery:People queue outside a bank in Havana on Wednesday. Visa and Mastercard payments in Cuba will be suspended from June 6, Cuba's central bank says.YAMIL LAGE/AFP/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountCuba will suspend Visa and Mastercard transactions starting June 6, its central bank said on Wednesday, citing sanctions imposed by the United States that in recent days have led a swath of foreign businesses to sever ties with the Caribbean island.Cuba’s central bank said a foreign partner that had previously processed credit card transactions for Cuba had decided to limit operations following a U.S.
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