Banco Popular de Puerto Rico and Popular Community Bank Customers Can Now Use Their MasterCard® Credit Cards In Cuba
August 23 2016 - 9:00AM
Business Wire
Popular, Inc. (NASDAQ: BPOP) announced that it is the second
financial institution in the United States (U.S.) and the first in
Puerto Rico (P.R.) to enable their credit cards for use in Cuba.
The MasterCard® credit cards of its two banking subsidiaries, Banco
Popular de Puerto Rico (BPPR) and Popular Community Bank (PCB), can
now be used at any of Cuba’s more than 11,000 authorized merchant
terminals and ATMs throughout the Island.
Ignacio Alvarez, President and Chief Operating Officer of
Popular stated that, “Popular is excited about this development.
The ability to use these credit cards in Cuba will facilitate
travel and promote the interaction between our clients in P.R. and
the U.S. with the citizens of Cuba.”
Before visiting Cuba, BPPR and PCB MasterCard® cardholders will
need to ensure that they have an active credit card and that they
are traveling under one of the 12 categories authorized by U.S.
regulations, including religious and professional purposes.
Customers will also be required to complete a document
acknowledging that the card may only be used in connection with one
of the 12 categories authorized by U.S. regulations.
For further information on obtaining or activating a credit
card, BPPR customers should visit
http://www.popular.com/en/mastercard-in-cuba and PCB customers
should visit www.popularcommunitybank.com/mastercard-in-cuba.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160823005823/en/
Popular, Inc.Media Relations:Teruca Rullán, 917-679-3596 or
787-281-5170
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