With restrictions lifting due to the thaw in U.S.-Cuba relations that started back in December 2014, Cuba has become a highly attractive remittances market. This Cuba market intelligence report focuses on the amounts currently sent to Cuba via informal channels and how they represent a major business opportunity for money transfer operators handling remittances for other destination markets in LatAm and the Caribbean. A chart breaks down the brand preferences among Cubans of money transfer operators to send remittances to the island. There’s also an analysis of key changes in the Cuban remittance market over the past 10 years, with statistics on remittances senders, as well as the impact of this cash flow on the Cuban economy that includes a comparison of remittances to the main sectors of the Cuban economy. Further data compares remittances sent to Cuba to the per capita average annual salary of Cuban workers to offer comparisons and delivers insights on how remittances could affect the development of private enterprises in Cuba.
Click here to access the full Cuba market research report on the remittance market on the island and click here to view a range of other available reports with market intelligence about Cuba that focus on tourism, private enterprise, Cuban brands, legal concerns, logistics, transportation, energy and more.