Global payments firm Western Union has launched mobile and online money transfers to Cuba via Western Union app and wu.com in the US.

Using Western Union payment platform, consumers can select ‘Send to Cuba’ option to send and track their money transfers, until they are paid out in minutes in local currency (Cuban convertible pesos).

Recipients can collect the funds from Western Union’s network of 420 agent locations. The firm is represented by its principal agent Fincimex, across 16 provinces and 168 municipalities in the country.

Western Union president of the Americas and European Union Odilon Almeida said: "Western Union has been helping Cubans in the U.S. to send money to their loved ones back home for more than 15 years.

"Pioneering a new way for our U.S. customers to send money into Cuba via wu.com and our mobile application is yet another milestone in servicing this historic island nation.

"We expedited activation of our digital money transfer convenience for senders in the Cuban diaspora as we know first-hand the value of remittances to the economic security of families and funding of small businesses. Expanding accessibility and moving money in minutes is what underpins our entire omni-channel strategy."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Following the launch of remittance service to Cuba, the company now operates in 29 countries.