OFFPLAN NEWS

(09.08.2007 )
Cuba real estate Swiss company inaugurates a website for sending money to Cuba

Option for sending remittances to Cuba has a client personalized service and the support of Cuban enterprises with experience and strength in the sector, which will attract the interest of those interested in Cuba vacation rentals collection.

Through the network any user can send money to family members and friends on the island by using a credit card. The money is handed over from offices set up in all the country’s provinces and can be drawn in the currency that the beneficiary chooses: U.S. dollars or Cuban convertible pesos.

Clients in Cuba can also use a rechargeable debit card, valid in all commercial and banking outlets operating in hard currency on the island.

The objective of the enterprise is to consolidate this option as one of the main ways of sending money to Cuba.

Remittances to the island have great potential but have been limited by the restrictions imposed on Cuba by the U.S. government and which also prejudice the companies providing this service.

Transactions have exclusive tools for tracking the remittances, thus guaranteeing their security, Zehnder explained. For example, when the on line system is used for the first time, the client must send a faxed copy of his/her passport and a signed letter stating that s/he agrees the payment, as Swiss legislation requires for this type of Internet service.

The Swiss service will operate and bill their Internet clients in euros and is not responsible for the actions of persons in the United States who use this platform to send more than $300 per quarter to their families, or violate any other regulation established in the U.S. blockade legislation against the island.

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