banking in cuba

The Cuban Banking Sector in 2016

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The Cuban Banking Sector in 2016

Cuba has a strong tradition of banking. Its first bank began operating in 1832, and by 1959 Cuba had over 49 commercial banks with over 200 branches. The largest privately owned bank in Latin America at the time was Cuban, and two Cuban banks ranked in the top 500 globally. Additionally, a number of foreign … Read more

Stonegate Bank Offers Debit Card for Cuba Travelers

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According to a report in the Miami Herald, Stonegate Bank has announced plans to offer its customers the use of a debit card while traveling in Cuba. There will about 10,000 outlets in Cuba including hotels and restaurants capable of processing transactions with Stonegate’s debit card.  Only Stonegate’s debit card (a Mastercard) will function in … Read more