March 21, 2016Blog Posts

PayPal Brings Money Transfers to Cuba

Fortune

As President Obama makes his historic visit to Cuba this week, online payments giant PayPal says it’s starting to bring its business to Cuba. The effort is part of a deluge of interest by U.S. companies in Cuba including airlines, hotels and other tourist interests following the loosening of trade restrictions. PayPal CEO Dan Schulman, who is visiting Cuba this week along with President Obama, U.S. Secretary of Commerce Penny Pritzker, and many other CEOs, said that PayPal would start allowing money transfers to and from Cuba later this year.

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