Again! Western Union suspends remittances to Cuba until further notice

Western Union, the world’s remittance giant, has confirmed it Cuban Directory That remittances to Cuba are suspended until further notice.

The company alleged technical reasons in the Cuban banking system prevented the delivery of funds to beneficiaries on the island.

According to a message from Western Union, remittance service from the United States to Cuba has been temporarily suspended since February 1, 2024.. They assure that they will offer “updates as the situation improves”.

Marty news informed

A customer service representative for the company, based in Denver, Colorado, confirmed that there was a problem with shipments to the island, but did not specify the nature of the reported problem.

Orbit SA, the company responsible for managing transfers from abroad as a non-banking financial institution in Cuba, also did not comment on the suspension of remittance services.

This also affects the problem Money transfer to Cuba operated by FincimexAn entity that ensured that Deposits will be settled This Monday.

Western Union in Cuba

Western Union suspended its operations in November 2020 due to sanctions imposed by the government of Donald Trump, which banned transactions with entities controlled by the Cuban military, including Fincimax.

But, in March 2023, WU reported that it had successfully completed a pilot test conducted for the transfer to Cuba and that it was now operating normally.

The most important innovation of his return was that beneficiaries in Cuba did not receive money in cash, but in freely convertible currency (MLC or virtual dollars) from BPA, Banmet and Bandec banks on their bank cards, which generated a lot. controversy.

lThe company ORBIT, which cooperates with Western Union in Cuba, reported that remittance recipients can choose to withdraw money in dollars in cash. However, the possibility of doing so will depend on the existence of this currency in Cuban banks.