Last week MasterCard announced that it would allow its cardholders to use the credit card in Cuba. This as a result of President Obama’s decision to establish diplomatic relations with the island after more than 50 years of animosity.

The latest economic giant to jump into the fray is American Express which said it could begin operations in Cuba. No specifics as to dates, etc. were offered.

Marina Norville, American Express spokeswoman, confirmed in an email to El Economista that AmEx also plans to begin commercial activities in Cuba but gave no further details.

The website also wrote that Visa Inc. has not revealed its plans for Cuba.

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