With the entry into force of Resolution 116/2021 of the Central Bank of Cuba (BCC), published on 10 March this year in the Official Gazette of the Republic, the Cuban authorities could convert the monopoly of the communications, ETECSA, in a new way to the state of remittances to the Isla.
The new disposition of the BCC authorizes the transformation of the balance of mobile telephones into electronic money, with which one can implement services of cobro and pay using a mobile currency that is associated with the cellular line contracted with the Transfermóvil platform.
Following the Resolution, the balance of the telephone, which can not exceed 5,000 Cuban pesos, and transactions not allowed to exceed 1,500, can be used to buy in businesses that accept payment within the Transfermóvil platform, for realization of Balances between money and transfers make bank accounts.
En tanto, the balance of a cellular telephone can be transferred by means of the movable coin, and from which a magnetic card is connected, from which the cell can be extracted effectively, which can be converted into a new rematch mechanism.
According to the publication of the resolution in the Official Gazette, ETECSA has 30 days to obtain its new license of “entity not financed that provides support to the financial institutions in the national territory” to include the Secretariat.
The IT engineer Jorge Noris Martínez, interviewed by Yucabyte, asserting that the implementation of mobile monitors can be affected by the different deficiencies of virtual tenders, then in high competition cases may collapse due to the communication problems of the payment gateway with the bank servants.
The Mayor finds it difficult to find the Cubans with the reception of the meals by this means that the movable monies only receive CUP, because the dollars sent from the exterior series are converted by automatic means to the national month in the cup of the authorities cubanas, much more devalued than the informal market.
Following the suspension of the services of the Western Union-based company with the Isla in the finals of last November, and the sanctioning of the US Government’s sanctions on the American International Services (AIS) platform, ETECSA’s Balance File Moved to ETECSA’s Will Be Unique Legal To Send Remedies From Northeastern Cuba.