Financiera Cimex S.A., belonging to the Cuban corporation of the same name, announced this Tuesday the provision of a new card for payments in U.S. dollars (USD).
This is Clásica, a new financial product that allows payment in Cuba for products and services marketed in the U.S. currency.
The entity reported that the new card will be operational starting January 24 and can be used throughout the island’s commercial network where electronic point-of-sale (POS) terminals operate.
Cimex also explained that the product is for exclusive use in the national territory, although it can be used by national and foreign users.
According to the state corporation, it incorporates “technical-commercial characteristics that distinguish it from other services” and will contribute to the national digitalization process.
Clásica will be functional for imports, as well as for the purchase of fuel in the new network of Cuban service centers that operate in dollars.
People will be able to purchase the card for a retail price of 4 USD, or in foreign currencies accepted in the country at the current exchange rate.
As of the indicated date, they will be physically available in Cadeca’s national network, or their preparation can be requested from abroad through the tocopay.com website, and collected at Fincimex offices throughout Cuban territory, the entity stated.
The national and foreign distribution networks will gradually expand, Cimex pointed out.
Among the most notable characteristics of the Clásica Card is that it will be issued without preset amounts and a mandatory minimum balance, so the client will freely decide the amount to credit.
One of its main advantages is that it can be recharged from abroad, also through the www.tocopay.com website, or by crediting cash in USD (or in foreign currencies accepted in the country at the current exchange rate) in the country’s Cadeca network.
In the special municipality of Isla de la Juventud, they can be purchased and recharged at the Banco Popular de Ahorro, as there are no Cadeca establishments in that territory, the entity specified.
According to Cimex, Clásica will be a non-personalized card that offers “a high level of security.” For its use in the commercial network, the note explains, the use of the PIN will be required, without the customer’s identification being necessary.
Its validity will expire five years after issuance and its balance will not be refundable in case of leaving the country. The money deposited in it can be withdrawn in Cuban pesos in the Cadeca network and banks.
The announcement highlights that when making purchases using the new Clásica Card, customers will obtain discounts and other incentives.
Author
OnCuba Staff
