As borders open and Cuba gets exposed to the international markets, the International Money Transfer & Payments Industry (IMTC) has taken the first jump towards the island by announcing IMTC Cuba 2016. As Cuba has been functioning for years without large incumbents and banking infrastructure, it has been fertile ground for remittances.
IMTC, the premier events of the International Money Transfer & Payments Industry, has announced today that after several meetings with Cuban authorities, the IMTC CUBA 2016 Conference has been given a green light. IMTC hosts the world's largest Money Transfer Conferences and Trade Fairs. With remittances continuing to rise, the industry is seeing significant changes to the traditional business models with new developments from the Fintech sector and a strong development of digital channels. The main objective of this one-of-a-kind event is to explore the remittance and financial service sector in Cuba, looking at the past to understand the present and analyze what the future will bring, starting from the very small number of financial services firms that exist today to the opportunities that lay ahead.