Cuba Tests Convertible Peso Debit Card System

What's Next In Payments®
5:13 PM EDT September 9th, 2012

Cuba has begun an experimental program allowing consumers to use debit cards at “dollar stores” though a convertible peso system.

Due to Cuba’s unique dual-currency system, Cubans have to convert their pesos at exchange houses before shopping at the stores.

Read the full story here.

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