Western Union, the world's money transfer giant, confirmed that… Cuban guide Sending funds to Cuba is suspended until further notice.
The company claims that there are technical reasons in the Cuban banking system that prevent the delivery of funds to beneficiaries on the island.
According to Western Union's message, money transfer service to Cuba from the United States has been temporarily suspended since February 1, 2024.. They confirm that they will provide “updates as the situation improves.”
Marty News mentioned A customer service representative for the company, based in Denver, Colorado, confirmed that there were problems with shipments to the island, but did not specify the type of difficulty reported.
Orbit SA, which is responsible for managing remittances from abroad as a non-bank financial institution in Cuba, also did not comment on the suspension of remittance services.
This problem also affects Money transfers to Cuba operated by Fincimexthe entity that guarantees that Deposits will be resolved This Monday.
Western Union in Cuba
Western Union suspended operations in November 2020 due to sanctions imposed by Donald Trump's government, which banned transactions with entities controlled by the Cuban military, including Fincimex.
But in March 2023, WU reported that it had successfully completed its trial testing of transfers to Cuba and was now operating normally.
The most important new thing about his return is that beneficiaries in Cuba do not receive the money in cash, but rather on their bank cards in freely convertible currency (MLC or virtual dollar) from BPA, Banmet and Bandec banks, which has generated a lot of controversy.
toORBIT, which cooperates with Western Union in Cuba, reported that remittance recipients can choose to withdraw funds in cash in dollars. However, the possibility of doing so will depend on the presence of this currency in Cuban banks.
