American Express plans to start operations in Cuba

Credit_Card_LogoHAVANA, 28 January The credit card company hopes to open for business in Cuba following the loosening of trade restrictions with that country.

American Express  said it would launch operations in Cuba following President Barack Obama’s decision this month to ease sanctions against the communist-ruled island. MasterCard  said last week it would allow its cards issued in the United States to be used in Cuba from March 1 as Washington eases restrictions on travel, trade and financial activities.
Marina Norville, a spokeswoman for American Express, confirmed in an email that AmEx also planned to start business activities in Cuba but provided no further details. Visa has not revealed its plans for Cuba, and company executives were not available to comment on Tuesday.(Reuters)