How Big Is Credit Card Opportunity in Cuba?

How Big Is Credit Card Opportunity in Cuba?

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the acceptance of credit cards like MasterCard, Visa, and American Express in Cuba, highlighting that they are not issued by U.S. banks but by Barclays or HSBC. While American Express may gain exposure, the impact on MasterCard and Visa is expected to be minimal. Challenges include potential high fees from the Cuban government and a predominantly cash-based society. Experts suggest that while there are opportunities, the overall impact on credit card companies will be limited.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns did Carlos Gutierrez express regarding credit card companies operating in Cuba?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do credit card companies face in Cuba as mentioned in the discussion?

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