Mastercard acquired EVNK, a leading stablecoin platform, and launched Agent Pay to enable interoperable, AI-driven agentic commerce. Cuba suspended all Mastercard transactions processed by Fincimex after a foreign bank ended their partnership, blocking card payment revenue on the island.
Mastercard completed its acquisition of EVNK, one of the world’s largest stablecoin platforms, positioning itself within the rapidly evolving digital asset ecosystem. The company also introduced Agent Pay, a platform designed to support AI-driven, agentic commerce by delivering the same security, interoperability and dispute resolution features that have underpinned its global card network.
Cuba’s central bank announced the suspension of all Mastercard payments after a foreign clearing bank terminated its relationship with Fincimex, cutting off card payment revenue on the island. Fincimex, the payments arm of military-run GAESA, will no longer process cross-border transactions, reflecting tighter US sanctions and raising questions about alternative remittance and tourism payment channels.
