Florida’s Stonegate Bank to issue first US credit card for use in Cuba
Free Current Affairs to Your Email
Posted on:15 Jun 2016 17:40:10
15 June 2016 Current Affairs: Florida-based Stonegate Bank on 14 June 2016 issued a new credit card that will allow Americans to use it in Cuba during their visit to the country. The card will help the US visitors to avoid the Cuban 10-percent penalty on the dollar.
Pompano-beach based Stonegate is also the first US bank to introduce a debit card for use in Cuba.
The bank announced that US travelers will be able to use its Mastercard to charge purchases at Cuban state-run businesses and some private businesses, starting 15 June 2016.
Initially, the bank will issue only 1000 cards and each card will feature artwork by celebrated Cuban painter Michel Mirabal.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail