Cuba to suspend Visa and Mastercard use starting June 6
Cuba will stop processing Visa and Mastercard transactions on June 6 due to U.S. sanctions. The move follows a May order targeting military-run financial firms.
Cuba will suspend all transactions using Visa and Mastercard starting June 6. The central bank announced the move on Wednesday after a foreign processing partner restricted operations due to United States sanctions. This decision severs a critical channel for international electronic payments, further isolating the nation's economy from global commerce.
### Sanctions Sever Financial Ties The Cuban central bank stated that a May 1 U.S. executive order broadened commerce sanctions, forcing a foreign partner to sever ties. This decision prevents Cuba from collecting income for goods and services through internationally recognized credit cards.
