Transfermóvil Achieves More Than One Billion Transactions

The electronic payment platform Transfermóvil has surpassed one billion transactions so far in 2025. Representing an 18 percent growth compared to the previous year.

According to its statistics, more than 1,100 new users are added every day. Consolidating Transfermóvil as one of the leading digital tools for financial transactions in Cuba.

Since its launch, Transfermóvil has established itself as the preferred channel for paying for basic services, top-ups, online purchases, and banking transactions. Contributing to the drive of digital transformation in Cuba. Its adoption has grown steadily in recent years. Amid increasing e-commerce and the digitalization of the economy.

What is required to use Transfermóvil?

  • A mobile phone with Android operating system, version 4.4 or higher.
  • A parent card belonging to the Metropolitan Bank (BANMET), the Credit and Commerce Bank (BANDEC), or the Popular Savings Bank (BPA).
The digital payment platform Transfermóvil, developed and supported by ETECSA, surpassed 1.2 billion transactions in 2024.

Currently, Cuba has more than eight million active lines, 95 percent of which are provisioned for internet access.

The Cuban Telecommunications Company’s first priority is improving the quality of mobile service and internet Access. Maintaining sustainability, increasing mobile services with the availability of SIM cards, and recovering sales of cell phones, modems, and landline terminals. It also aims to continue expanding connections in entities and stabilize the process of banking and computerization of Cuban society.

With information from Cubadebate

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