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Online banking arrives in Cuba on the back of improved Internet access and a growing private sector.
Private entrepreneurs in Cuba are benefiting from new bank services launched on Monday, as the private sector experiences a boom, prompted by the government’s partial deregulation of economic policies in recent years.
In a first, self-employed workers will now be able to manage their accounts online, said Director Greicher La Nuez from the Popular Bank of Saving (BPA), meaning no more waiting in long bank queues.
This services is now possible thanks to growing internet access, developed over the past few months.
La Nuez added that the bank is also looking at ways to allow business owners to pay their employees via remote banking.
Another service on trial, she said, would allow workers from the private sector to manage their funds via check books and credit cards.
Published by Tele Sur