The payment with magnetic cards reaches eastern Cuba

The payment with magnetic cards reaches eastern Cuba

Transfermovil (photo of the author) HAVANA, Cuba.- Cuba’s communications monopoly ETECSA has enabled the possibility of payments through magnetic cards of BANDEC (Banco de Crédito y Comercio) in eastern Cuba.
According to the official newspaper. Now , This new form of payment is available from June 1.
Through the magnetic cards of Bandec and the mobile application for Android devices “Trasfermovil-ETECSA” customers can pay the telephone bill, buy and recharge Nauta cards and mobile phones, as well as acquire equipment marketed by the Cuban communications monopoly .
ETECSA specialists clarified that these payments can be made as long as the funds of the card are in CUP pesos, even if the items have a CUC convertible peso value.
Recently on the Island, a discount campaign of between 2 and 5% was announced in the payment of purchases made in retail stores (Caribbean, Caracol or ETECSA stores, among others) in Havana using magnetic cards. The measure came into effect in May, but east of Cuba comes now.
“The objective of the Cuban State is to encourage the use of magnetic cards, but what the media does not say is the long and tedious process that is required to acquire one of these and then to register in the trasfermovil application requires another even longer and bureaucratic process. I know people who have been waiting for months for the confirmation SMS that ETECSA gives to synchronize the bank account with the mobile application, “Angel González said for months, trying to obtain a magnetic card to enjoy the” benefits “that this offers.

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