Payments/CU
Cuba
ISO CU · 3 schemes
Summary
- Transfermovil 5M+ users, 1.2B transactions
- QR code payments integrated
- EnZona alternative platform
- BANMET/BANDEC/BPA bank integration
- Offline capability for low connectivity
Banking landscape
Central Bank
- Name: Banco Central de Cuba (BCC)
- Website: https://www.bc.gob.cu/
- Role: Monetary policy, payment oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | BANMET (Metropolitano) | State | Transfermovil |
| 2 | BANDEC (Credito y Comercio) | State | Transfermovil |
| 3 | BPA (Popular de Ahorro) | State | Transfermovil |
| 4 | BFI | State | Limited |
Market Structure
- Transfermovil: 5M+ registered users
- ETECSA: Telecom operator
- State banks: BANMET, BANDEC, BPA
- 1.2B transactions: Annual
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| Transfermovil | ETECSA | Mobile | 5M+ users |
| EnZona | Government | Web/App | Active |
| Bank Networks | State banks | Cards | Active |
| MiTransfer | ETECSA | Wallet | Active |
Transfermovil Platform
- Conceived 2015
- ETECSA development
- Bank institution partnership
- 5 million+ registered users
- 1.2 billion annual transactions
Bank Integration
- BANMET (Metropolitano)
- BANDEC (Credito y Comercio)
- BPA (Popular de Ahorro)
- Parent card required
QR code standards
Transfermovil QR
| Attribute | Value |
|---|---|
| Operator | ETECSA/BCC |
| Feature | QR scanner |
| Integration | Bank accounts |
| Update | Nov 2024 (V1.241124) |
QR Payment Features
- QR code scanning
- 2D barcode data encoding
- Amount encoded in QR
- Floating button access
- Home screen shortcuts
QR Accessibility
- BCC announced alternative option
- For users with scanner difficulty
- Built-in reader improvements
- November 2024 update
EnZona QR
- Alternative platform
- Web and app access
- QR code support
- Government backed
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| Transfermovil | ETECSA | Yes | Full payment |
| EnZona | Government | Yes | Alternative |
| MiTransfer | ETECSA | Limited | Wallet |
Transfermovil Features
- Electricity, water, internet bills
- Government taxes
- Traffic fines
- Mobile credit recharge
- Online shopping with QR
- E-commerce integration
Version 1.241124 (Nov 2024)
- 7.19 MB size
- New floating button
- Quick shortcuts
- QR code reader
- Service expansion
- Navigation improvement
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Transfermovil QR | Mobile QR | ETECSA | 5M+ users | transfermovil-qr |
| EnZona QR | Web/App QR | Government | Active | enzona-qr |
| Bank cards | Card | State banks | Active | — |
Sources
- Directorio Cubano - Transfermovil QR
- Directorio Cubano - V1.241124
- InLeo - Transfermovil
- San Antonio Portal - Transfermovil/EnZona
- Google Play - Transfermovil
Full country report
Schemes
Standards
Mentioned · 1