American Express plans to start operations in Cuba
Reuters
Published Jan 27, 2015 03:28PM ET
American Express plans to start operations in Cuba
(Reuters) - American Express Co (N:AXP) said it would launch operations in Cuba following President Barack Obama's decision this month to ease sanctions against the communist-ruled island.
MasterCard Inc (N:MA) 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 Inc (N:V) has not revealed its plans for Cuba, and company executives were not available to comment on Tuesday.
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Written By: Reuters
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