Cuentas Expands Internationally with Cuentas LATAM in Mexico
June 23 2022 - 8:00AM
Cuentas, Inc. (Nasdaq: CUEN & CUENW) ("Cuentas"), a leading
fintech provider of mobile financial app and payment solutions, is
expanding internationally. The company will commence global
operations in Mexico with Cuentas LATAM and a headquarters in
Mexico City. Consumers in Mexico will be able to start requesting
funds via Cuentas LATAM later this year from Cuentas USA Mobile
App. Current customers in the United States are able to send money
from Cuentas App and pick up the funds at any Western Union
locations in Mexico using Cuentas ecosystem.
“Globally, around 1.7 billion adults remain unbanked,” says Arik
Maimon, founder and Executive Chairman of Cuentas. “In Latin
America, less than half of the population has access to financial
products. With borderless services, Cuentas and Cuentas LATAM
provide comprehensive banking solutions for remittance customers
and underserved populations around the world,” he continued. “It’s
difficult to overstate the dramatic impact this will have on
working immigrants and their families.”
Forward-Looking Statements
This news release contains "forward-looking statements", as that
term is defined in section 27a of the United States Securities Act
of 1933, as amended, and section 21e of the United States
Securities Exchange Act of 1934, as amended. Statements in this
press release, which are not purely historical, are forward-looking
statements and include any statements regarding beliefs, plans,
expectations, or intentions regarding the future. Except for the
historical information presented herein, matters discussed in this
news release contain forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to
differ materially from any future results, performance or
achievements expressed or implied by such statements including that
we will meet the standard for listing on NASDAQ or successful in
our launch of the Cuentas GPR card and mobile app. Statements that
are not historical facts, including statements that are preceded
by, followed by, or that include such words as "believe", "plan" or
"expect" or similar statements are forward-looking statements.
About Cuentas
Cuentas, Inc. (Nasdaq: CUEN & CUENW) is a fintech e-finance
and e-commerce service provider with proprietary technology that
delivers digital financial services to the underbanked and unbanked
Hispanic, Latino and immigrant populations including mobile and
financial services, prepaid debit card, ACH and mobile deposits,
cash remittance, peer to peer money transferring, and other
services. The Cuentas General Purpose Reloadable (GPR) Card
includes a digital wallet, discounts for purchases at major
physical and online retailers, rewards, and the ability to purchase
digital content. For more information, visit
https://cuentas.com.
Matthew Aversa
Cuentas Inc. (NASDAQ:CUEN)
6469245733
matthew@uprisemgmt.com
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