American Express to launch operations in Cuba
American Express has plans to launch services for its credit card users in Cuba.
American Express has plans to launch services for its credit card users in Cuba, following the development towards easing tensions between Washington and Havana after decades of freeze.
The company’s plans to align with President Barack Obama’s decision to relax sanctions against the Caribbean island for better political, social and business ties follows MasterCard’s announcement to process transactions of the US credit cards in Cuba from March.
The move will enable Americans to travel to the island and plan businesses there but the New York-based company with no terminals set up in the region will have to build merchant relationships there.
American Express spokeswoman Marina Norville confirmed the plan via an email without specifying a date for the launch, saying: “The end goal is to do business there.”