ES / EN
- May 8, 2025 -
No Result
View All Result
OnCubaNews
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
OnCubaNews
ES / EN
Home Cuba-USA

New system for remittances to Cuba enters “clean” money outside the government, says company

Emilio Morales, president of the Havana Consulting Group and vice president of the U.S. subsidiary of RevoluGROUP, indicated that its mobile application sends the money to the beneficiary avoiding those who are on the list of Cuban entities restricted by the United States.

by
  • OnCuba Staff
    OnCuba Staff
March 11, 2022
in Cuba-USA
1
Emilio Morales, president of the Havana Consulting Group and vice president of the U.S. subsidiary of RevoluGROUP, indicated that its mobile application sends the money to the beneficiary avoiding those who are on the list of Cuban entities restricted by the United States.

Emilio Morales, president of the Havana Consulting Group and vice president of the U.S. subsidiary of RevoluGROUP, indicated that its mobile application sends the money to the beneficiary avoiding those who are on the list of Cuban entities restricted by the United States.

The Canadian company RevoluGROUP, which last February began operating for the sending of remittances to Cuba, affirmed this Tuesday that this money enters the island “clean” through its mobile application, according to a report by the EFE news agency.

Emilio Morales, president of the Havana Consulting Group and vice president of the U.S. subsidiary of RevoluGROUP, indicated at a press conference in Miami that its mobile application RevoluSend sends the money to the beneficiary, avoiding those who are on the list of Cuban entities restricted by the United States.

This system allows digital payments to be made between people who have this application, while those who have the debit card that the company also offers can withdraw money at ATMs affiliated with Visa and Mastercard, the news release specifies.

Canadian company starts sending remittances to Cuba with permission from the U.S. government

In addition, according to Morales, the system itself makes it possible to deposit the money received in three Cuban financial entities: the Banco Popular de Ahorro, the Banco de Crédito y Comercio and the Banco Metropolitano.

However, he insisted that RevoluGROUP, which received the approval of the U.S. Department of the Treasury, “has absolutely nothing to do” with the Cuban government or public corporations, but instead “sneaks” through the “cracks” of the island’s state system.

Related Posts

Heidy Sánchez speaks to OnCuba where she is staying in Havana. Photo: Otmaro Rodríguez.

Deported and without her baby daughter: Heidy Sánchez’s desperation

May 7, 2025
Photo: EFE/Ernesto Mastrascusa.

Joe García: “Justice implies the future. Revenge doesn’t”

April 27, 2025
Pacific Standard Time in Cuba

Pacific Standard Time in Cuba: blurring political, mental, and emotional barriers

April 19, 2025
Republican Congressman Carlos Giménez | Miami-Dade

Congressman Carlos Giménez calls for cancellation of flights and remittances to Cuba: “The time is now”

April 5, 2025

“RevoluGROUP does not have a commercial contract with the Cuban government, nor will it have one,” said Morales, who said that in the other 115 countries where the company operates, the governments have never asked them to sign agreements of this type. In his opinion, the “abusive practice” of going through the official system is the way for the Cuban authorities to “keep the remittances,” something they deny doing while assuring that the statements in this regard are false and politically intentional.

Who benefits from remittances?

The Central Bank of Cuba confirmed last week that RevoluGROUP has not signed any contract and indicated that the “formality” and “security” of its transactions are unknown.

In this sense, Morales, who refused to reveal how much money has been sent to the island since the system began operating on February 28, thanked the “unpaid advertising,” because, he said, thousands of people began to download the application when the Bank of Cuba branded them insecure, the EFE report stated.

“For the first time the Cuban citizen will be financially free,” because the money will arrive “clean,” without passing through the hands of the island’s authorities, said Morales, who hinted that the island’s government cannot prevent it since it would get into a “big problem” with Visa, Mastercard and the Swift international banking data system if it rejects the arrival of transfers because these are currently three of the main foreign exchange channels that Cuba has.

Cuba is currently going through a difficult economic situation, increased by the impact of the pandemic and the Washington sanctions that, among other things, closed the tap on remittances from the U.S. They have been de facto paralyzed since November 2020, after the administration of then U.S. President Donald Trump prohibited any transaction from the United States with the Cuban state-owned Fincimex, which worked hand in hand with the Western Union company.

EFE/OnCuba

  • OnCuba Staff
    OnCuba Staff
Tags: Cuba-USA Relationsremittances to CubaRevoluGroup
Previous Post

Cuba: Foreign Ministry gets involved in situation of nationals in face of transit visa requirement in Panama

Next Post

U.S. government confirms interest in starting to process some visas in Havana “as soon as possible”

OnCuba Staff

OnCuba Staff

Next Post
Embassy of the United States in Havana. Photo: AP/Archive.

U.S. government confirms interest in starting to process some visas in Havana “as soon as possible”

Photo: Kaloian

Two years of pandemic in the Cuban calendar

remittances to Cuba are important for individual development

RevoluGROUP: the not so new, the new, and the positive of proposal for sending remittances to Cuba

Comments 1

  1. Wilfredo Candelaria Echevarría says:
    3 years ago

    Los cubanos en Cuba necesitan ayuda financiera

    Reply

Leave a Reply Cancel reply

The conversation here is moderated according to OnCuba News discussion guidelines. Please read the Comment Policy before joining the discussion.

Your email address will not be published. Required fields are marked *

Most Read

  • The Enchanted Shrimp of the Cuban Dance

    2926 shares
    Share 1170 Tweet 732
  • Cuban Cardinal before the conclave: “There is a desire to maintain the legacy of Pope Francis”

    31 shares
    Share 12 Tweet 8
  • Tourism in Cuba: a driving force in decline

    25 shares
    Share 10 Tweet 6
  • Poverty in Cuba: Ministry of Labor establishes new regulations to care for “vulnerable groups”

    11 shares
    Share 4 Tweet 3
  • Deported and without her baby daughter: Heidy Sánchez’s desperation

    8 shares
    Share 3 Tweet 2

Most Commented

  • Photovoltaic solar park in Cuba. Photo: Taken from the Facebook profile of the Electricity Conglomerate (UNE).

    Solar parks vs. blackouts: between illusions and reality (I)

    15 shares
    Share 6 Tweet 4
  • Fernando Pérez, a traveler

    11 shares
    Share 4 Tweet 3
  • Solar parks vs. blackouts: between illusions and reality (II and end)

    12 shares
    Share 5 Tweet 3
  • The “Pan de La Habana” has arrived

    31 shares
    Share 12 Tweet 8
  • China positions itself as Cuba’s main medical supplier after signing new contracts

    26 shares
    Share 10 Tweet 7
  • About us
  • Work with OnCuba
  • Terms of use
  • Privacy Policy
  • Moderation policy for comments
  • Contact us
  • Advertisement offers

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

No Result
View All Result
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}