BANDEC to expand e-credit facilities

According to BANDEC, this is an e-payment strategy for national territory use only and valid for a five-year time.

As from January 24, those interested people may acquire the new USD prepaid cards by paying in cash in any of authorized circulating currencies nationwide. Minimum value will be USD 50. A USD$4 commission will be deducted for its purchase. These cards will be available at certain BANDEC branches and Currency Exchange Offices.

The cards can be recharged in cash deposits with currencies authorized to circulate in the country and by transfers from abroad. There will be no limit of amount.

This new strategy will make possible the purchase of goods and services in retail and wholesale networks, as well as the purchase of fuel at CUPET Gas Stations that will be authorized to pay in USD.

According to BANDEC, the USD prepaid cards may be acquired by foreign and national people resident or not in Cuban territory; micro-, small- and medium-sized enterprises (MIPYMES); non-agricultural cooperatives; self-employed workers; individual farmers and other forms of non-state management, as well as the whole population in general.

The card holder, at the time of his/her departure from the country, may be reimbursed, of the unused amount, a maximum up to USD$100 or its equivalent in another available currency, always presenting his boarding pass, detailed the informative note published by the Facebook social network.