AUSTIN, Texas, June 30, 2021 /PRNewswire/ -- WaveMax
Corporation®, the pioneer of the world's
first shared WiFi network, was selected by TelcoDR as part of
their most innovative mobile technologies showcase during Mobile
World Congress in Barcelona (Booth #1242 West). WaveMAX will
offer a preview of the world's first WiFi6-5G shared network
launching soon in New York.
WaveMax's SharedFi patented technology allows for a shared
network of WiFi access points and small cells. The user has
access to this shared network and, if he has opted in, be impacted
with location-based advertising. These ads are configured by
advertisers using WaveMAX's dashboards targeting, manually or
programmatically, the right audience, at the right time, and the
right place. Advertisers may transparently optimize their
advertising investment with zero fraud and no user privacy
invasion, and analyze aggregated data and results. The user may
also pay an ad-free subscription service, or have the service be
included as part of their data plan with roaming agreements. Access
points and small cell owners receive a share of the ad,
subscription or roaming revenue.
Cuentas, a FinTech company targeting the underbanked, signed a
contract to rollout SharedFi in 170 test locations in the New York
City-Tristate area. If the 6 month test is successful, the parties
will plan to install1,000 additional "Bodega Stores" in a 50/50
joint venture. The service will enhance the customer experience
while in the Bodega store, by automatically connecting them to
WiFi6 high speed internet and receive special in-store offers.
Users will also receive promotions for the Cuentas GPR card and
discounted products sold through the Cuentas Mobile App.
Execon, a WiFi managed services company will implement the WiFi6
infrastructure, manage and monitor the broadband internet at the
selected Bodegas stores. "Execon will connect participating Bodegas
in NY, and Cuentas will connect customers to savings and greater
value using WaveMAX platform." said Execon CEO, Pedro Noriega.
"The WaveMax mobile ecosystem will enable an enhanced
user and shopping experience, with discounts for purchases and
rewards to Cuentas customers which will contribute to greater
net-new revenues." said Arik Maimon,
"Our WiFi6-5G sharing ecosystem certainly creates new revenue
earning and saving opportunities for all participants." confirmed
Eduardo Velasco, WaveMAX CEO.
About WaveMax Corporation
WaveMax is a WiFi-5G sharing
company leveraging US patented technology to create an ecosystem
monetizing mobile interactions between Telcos, Retailers,
Providers, Apps, and Users. WaveMax ecosystem in 2020 supported
more than 50 Million Wi-Fi accesses and it is rapidly growing,
creating new synergies and network effects.
Cuentas, Inc. (Nasdaq: CUEN &
CUENW) is a FinTech e-banking and e-commerce service provider with
proprietary technology aimed at providing solutions for the
underbanked and un-banked Hispanic and Latino population. Its
services include, but are not limited to, mobile banking, online
banking, prepaid debit, ACH and mobile deposits, cash remittance,
peer to peer money transferring, and providing access to bank
accounts for customers who previously could not obtain bank
Execon is a managed WiFi and
infrastructure as a service (IASS) provider serving more than
20,000 locations and convenience stores in the USA and México.
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