New List of Remittance Sending Sites to Cuba Published by ORBIT SA
In a surprising turn of events, ORBIT SA, a company that was relatively unknown until recently, has received a license from the Central Bank of Cuba to manage money transfers in the country. As a result, they have updated the list of authorized sites to send remittances to Cuba, providing various options for sending money from the United States. This update comes as a welcome change, as it had been extremely difficult to send remittances to Cuba from the United States in previous months.
The newly published list, released in October 2023, includes several platforms that have been linked to Cuban companies for some time, allowing for easier money transfers to the country. Among the listed platforms are www.enviodinero.com, which facilitates remittances from Europe, Canada, and Australia, and www.moneyechange.com, which enables transfers from Germany, Belgium, Spain, Italy, Norway, the United Kingdom, and Switzerland. Additionally, there are several other options available for sending money to Cuba from various European countries.
It is important to note that ORBIT has clarified on social media that they exclusively process and manage remittances originating from their associated companies, from abroad to Cuba, and not the other way around.
For individuals looking to send money to Cuba from the United States, the authorized sites include www.vacuba.com, www.cubamax.com, and www.westernunion.com.
Moreover, ORBIT has highlighted that it is now possible to transfer money to the island from anywhere in the world through the site www.vidaipay.com. To choose the most suitable remittance site, users are advised to consider crucial factors such as the offered exchange rate, commissions, shipping costs, minimum and maximum amounts, delivery time in Cuba, and the reputation of the agency. It is recommended to consult the opinions and experiences of other users to make an informed decision.
While many Cubans still prefer to send money to the island through family or acquaintances, allowing recipients to take advantage of the informal market’s exchange rates, there are also alternative methods gaining popularity. Some individuals opt to accept commissions through platforms like Bizum in Spain, or Zelle and PayPal in the United States for delivering money in Cuba.
Overall, the expanded list of authorized remittance sending sites provided by ORBIT SA offers more options and accessibility for individuals wishing to send money to their loved ones in Cuba, ultimately easing the hardships previously experienced.