Cuentas Inc. Announces Hire of Industry Veteran, Jay Adams, as CEO of Cuentas Mobile

Rhea-AI Summary

Cuentas, Inc. (NASDAQ:CUEN, CUENW) has appointed Jay Adams as the new CEO of Cuentas Mobile, a prepaid wireless service provider. Adams brings over 25 years of experience in the prepaid and wireless industries, previously leading companies to generate over $200 million in annual revenue. Under his leadership, Cuentas Mobile aims to expand its offerings, particularly targeting the Hispanic market. The company provides digital financial services and products, including mobile payments and prepaid debit cards, helping underserved communities access affordable mobile services.

Positive

• Appointment of Jay Adams, a seasoned executive with 25 years in prepaid and wireless sectors.
• Potential for Cuentas Mobile to expand its market reach and customer base under new leadership.
• Focus on serving the Hispanic community, aligning with Adams' previous experience.

Negative

• None.

Jay Adams has guided several prepaid companies to be industry leaders and looks to bring success to Cuentas Mobile.

MIAMI BEACH, FL / ACCESSWIRE / September 20, 2022 / Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) ("Cuentas"), a leading fintech provider of financial app and payment solutions, announced today that it has hired Jay Adams as the new Chief Executive Officer of Cuentas Mobile, a wireless prepaid service provider on one of the fastest 5G networks in the US. Adams previously held executive positions at IDT Corporation (NYSE:IDT) and Kare Distribution, where he consistently grew annual revenue to more than $200 million.

"Jay is a visionary," says Cuentas Inc. co-founder and Interim CEO, Arik Maimon. "His passion, his intuition, his style of leadership - it's exactly what Cuentas Mobile needs right now as it expands the Cuentas family brands. Most of all, his decades-long work connecting with the hispanic community and delivering transformative products to them is what's going to be the game changer. He fits Cuentas Mobile perfectly, and I am beyond thrilled to have him as our new CEO of Cuentas Mobile."

Adams has over 25 years of experience in the prepaid debit card, phone card and wireless industries and has successfully developed innovative communications products with an emphasis on the convergence of emerging markets and technologies. He has negotiated joint venture agreements to leverage the strengths of distribution networks including building one of the largest Point Of Sale (POS) distribution networks of bodegas and convenience stores.

"It's a real honor to come on board as CEO of Cuentas Mobile and to continue bringing value to countless people," says Adams. "This company is a very fast-moving train with the potential to impact tens of millions of people with affordable mobile services. I'm extremely proud to be a part of it and committed to driving its success."

Adams also served as executive of Hispanic-focused prepaid companies Vivaro and Sakon and provided millions of customers with Prepaid Phone Cards and Financial Services, reaching over 50,000 stores in major metropolitan areas. These are the same customer profile and target markets that the Cuentas family of products is serving.

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.

Media Contact

Matthew Aversa
UPRISE Media
646-924-5733
matthew@uprisemgmt.com

SOURCE: Cuentas, Inc.

View source version on accesswire.com:
https://www.accesswire.com/716685/Cuentas-Inc-Announces-Hire-of-Industry-Veteran-Jay-Adams-as-CEO-of-Cuentas-Mobile

FAQ

Who is the new CEO of Cuentas Mobile?

Jay Adams has been appointed as the new CEO of Cuentas Mobile.

What experience does Jay Adams bring to Cuentas Mobile?

Jay Adams has over 25 years of experience in the prepaid debit card and wireless industries.

What is the focus of Cuentas Mobile under Jay Adams' leadership?

Cuentas Mobile aims to expand its offerings and serve the Hispanic community.

What services does Cuentas, Inc. provide?

Cuentas, Inc. provides digital financial services, prepaid debit cards, cash remittance, and peer-to-peer money transfers.

What are the stock symbols for Cuentas, Inc.?

The stock symbols for Cuentas, Inc. are CUEN and CUENW.