MasterCard Removes Block On Cuba Transactions For U.S.-Issued Cards

By  |  January 23, 2015
 | 

A month after U.S. President Obama announced that the U.S. would ease up on restrictions on Cuba trade and travel, MasterCard announced today that it is removing the current block on U.S.-issued card transactions in Cuba, starting on March 1 of this year. The action is based on recent guidance from the U.S. Department of Treasury’s Office of Foreign Assets Control.

A month after U.S. President Obama announced that the U.S. would ease up on restrictions on Cuba trade and travel, MasterCard announced today that it is removing the current block on U.S.-issued card transactions in Cuba, starting on March 1 of this year. The action is based on recent guidance from the U.S. Department of Treasury’s Office of Foreign Assets Control.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    MasterCard says it will work with its U.S. issuers to support their Cuba-related activities and decisions. Before traveling to Cuba, however, U.S. cardholders should contact their bank to ensure the card will be supported on the island.

    North Korea, Iran, Sudan and Syria will continue to be blocked by MasterCard after March 1, the company indicated.

     

     

     


    Recommended

    PNC Gets Regulatory OK to Acquire FirstBank

    One in Five Student Loan Borrowers Have Missed a Payment in 2025

    Coinbase Could Be Prepping Kalshi-Powered Prediction Market

    Epic Games CEO Says Court Ruling Means ‘Apple Tax Is Dead’

    See More In: ,