Western Union and Penny Pinch announce that they have launched international money transfer services in the Penny Pinch app.

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The money-transfer company's move came after the U.S. State Department last week renewed sanctions against the island nation.

Among the affected entities is FINCIMEX, the Havana-based financial company that processes money transfers to the island.

Western Union and Penny Pinch today announce that they have launched international money transfer services in the Penny Pinch app. The co-branded service enables customers in the country to send and ...