About
Transfermóvil is Cuba's state mobile-banking and payment app, developed by the state telecom company ETECSA and launched on 10 February 2015. Users link the bank cards of their accounts at the three state retail banks, Banco Popular de Ahorro, BANDEC and Banco Metropolitano. From the app they move money directly between accounts to pay utility bills, mobile top-ups and state or private merchants, including online shops. ETECSA reported five million registered users as of June 2024 and over 1.2 billion operations in 2024, 20% more than in 2023.