Cuba: MasterCard fends off US-issued cards transactions block

Monday 26 January 2015 00:13 CET | News

MasterCard has removed the block imposed to Cuba in what concerns US-issued card transactions, starting on 1 March 2015.

The action is based on recent guidance from the US Department of Treasury’s Office of Foreign Assets Control.

MasterCard claims it will work with US issuers to support their Cuba-related activities and decisions. Before traveling to Cuba, however, US 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 1 March 2015, the company indicated.

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Keywords: Cuba, MasterCard, US, block, cards, transactions , abolish
Categories: Payments & Commerce
Countries: World
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