The Republic of Cuba is the most populous island nation in the Caribbean. Link to external site : Website for Cuba |  |
| Wallets | |
| Development | Advanced Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
54,710.00 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
1.405 Upgrade to Bronze |
| Currency | CUP |
| Class | |
| CountryISO | CU |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["CU",11.257,70]],"options":{"title":"Countries","region":"CU","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Cubacel (Etecsa)",1405300]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",6200],["Q4 2001",25000],["Q4 2002",54300],["Q4 2003",89000],["Q4 2004",130200],["Q4 2005",177400],["Q4 2006",229502],["Q4 2007",285708],["Q4 2008",428562],["Q4 2009",578558],["Q4 2010",740554],["Q4 2011",918287],["Q4 2012",1111128],["Q4 2013",1322242],["Q4 2014",1549942]],"options":{"title":"Connections"}}
| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system based on Spanish civil code Upgrade to Bronze |
| Law is based on |
Influenced by Spanish and American law with large elements of Communist legal theory. Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",5.4],["Banked",45],["Internet",12],["Urban",76],["Adult",82],["Literate",99.7942]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 11.26 |
| Adult % | 82.00 |
| Migrants % |
1.00 Register/Log In |
| Stock Immigrants ('000) |
15.30 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
1,800.00 Upgrade to Bronze |
| Internal Migration Rate % |
15.20 Upgrade to Bronze |
| Intl Movement Rate % | |
| Urban % | 76.00 |
| Female % | 29.00 |
| Literate % | 99.79 |
| Annual Growth % |
-5.00 Upgrade to Bronze |
| Mobile Penetration % | 5.40 |
| Banked % | 45.00 |
| Access to FS % | 45.00 |
| Internet % | 12.00 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 85.60 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.33 |
| Monthly ARPU |
12.18 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Other Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |