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Visa and Mastercard Halt Services in Cuba Due to US Sanctions

KVIA•Thursday, June 4, 2026 at 1:12 PM•CNN Newsource

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The Central Bank of Cuba announced that Visa and Mastercard will cease operations in Cuba starting Saturday, October 6, to comply with US sanctions. This decision follows a private foreign bank's termination of its relationship with Fincimex, a financial entity linked to the Cuban military's business conglomerate, Gaesa. The cessation of these services will hinder Cuba's ability to receive international payments for goods and services, as highlighted by the Central Bank. The US has mandated foreign companies to sever ties with Cuban businesses linked to Gaesa by a deadline, intensifying economic pressures on the island. This move is part of broader sanctions aimed at Cuba, which have already led to the withdrawal of various foreign enterprises.

Key Details: • Visa and Mastercard services will stop in Cuba on October 6. • Foreign companies must end ties with Gaesa by the US-imposed deadline. • Cuba can still use cash, national prepaid cards, and international cards from Mir and Union Pay.

economy sanctions visa cuba mastercard

People & Organizations

Donald TrumpCubaMiguel Díaz-CanelGAESACentral Bank of CubaFincimex

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