All Cuban businesses must offer electronic payments, says ministry
New rule is part of government’s response to ‘critical’ shortage of cash
Cuba’s commerce ministry said all businesses must offer electronic payments, part of an ongoing drive to reduce the role of cash in the domestic economy.
The regulation, published on November 2, obliges any business wanting to register officially “to have payment facilities [operating] through national channels or point-of-sale terminals for sale of goods and the provision of services to the consumer”.
It gives businesses and individuals 70 days to acquire electronic payment facilities once
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