Western Union said Wednesday it has resumed remittance services between the U.S. and Cuba in a limited capacity after two years of the essential economic lifeline being severed.
The company stopped the money transfers in 2020 after then President Donald Trump tightened long-standing U.S. on Cuba. The Biden administration has loosed a handful of the Trump-era restrictions, including remittance payments, but has still left many in place.
The test phase is being rolled out in select locations in Miami, and transfers can be sent to three government-operated banks in Cuba -- Banco Popular de Ahorro, Banco Metropolitano SA and Banco de Credito y Comercio. The reopening of remittance payments could offer Cuban families key economic support during a time of record economic crisis in the Caribbean nation, one of a number of factors fueling a migratory exodus from the island.
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