Cuentas, Inc. Announces New Direction from Fintech to Digital Content & Product Distribution together with Mobile Data and Cellular offerings.
Cuentas, Inc. (OTC: CUEN & CUENW) has announced a significant strategic shift, moving away from fintech to focus on digital content and product distribution, along with mobile data and cellular offerings. The company has mutually agreed with InComm to end their fintech processing agreement for prepaid debit cards, receiving a $475,000 credit in the process. Cuentas will maintain its InComm Resale Agreement to provide digital content, transportation access, mobile top-ups, and cellular services.
The company is working on integrating services with World Mobile and a nationwide carrier to revolutionize digital and prepaid mobile telecommunications in the US, including universal and Lifeline access. CEO Arik Maimon emphasized that this new direction will combine their long-term relationship with InComm and newly developing partnerships to leverage Cuentas' distribution network and telecommunications expertise.
Cuentas, Inc. (OTC: CUEN & CUENW) ha annunciato un significativo cambiamento strategico, allontanandosi dal fintech per concentrarsi sulla distribuzione di contenuti digitali e prodotti, insieme a dati mobili e offerte cellulari. L'azienda ha concordato di comune accordo con InComm di terminare il loro contratto di elaborazione fintech per carte di debito prepagate, ricevendo nel processo un credito di $475.000. Cuentas continuerà a mantenere il suo Accordo di Rivendita con InComm per fornire contenuti digitali, accesso ai trasporti, ricariche mobili e servizi cellulari.
L'azienda sta lavorando per integrare servizi con World Mobile e un operatore nazionale per rivoluzionare le telecomunicazioni mobili digitali e prepagate negli Stati Uniti, inclusi l'accesso universale e Lifeline. Il CEO Arik Maimon ha sottolineato che questa nuova direzione combinerà la loro lunga relazione con InComm e le nuove partnership in via di sviluppo per sfruttare la rete di distribuzione e l'expertise nelle telecomunicazioni di Cuentas.
Cuentas, Inc. (OTC: CUEN & CUENW) ha anunciado un cambio estratégico significativo, alejándose del fintech para centrarse en la distribución de contenido digital y productos, junto con datos móviles y ofertas celulares. La empresa ha acordado mutuamente con InComm finalizar su acuerdo de procesamiento fintech para tarjetas de débito prepagadas, recibiendo en el proceso un crédito de $475,000. Cuentas mantendrá su Acuerdo de Reventa con InComm para proporcionar contenido digital, acceso al transporte, recargas móviles y servicios celulares.
La empresa está trabajando en la integración de servicios con World Mobile y un operador nacional para revolucionar las telecomunicaciones móviles digitales y prepagadas en EE. UU., incluyendo acceso universal y Lifeline. El CEO Arik Maimon enfatizó que esta nueva dirección combinará su relación a largo plazo con InComm y nuevas asociaciones en desarrollo para aprovechar la red de distribución y la experiencia en telecomunicaciones de Cuentas.
Cuentas, Inc. (OTC: CUEN & CUENW)는 핀테크에서 디지털 콘텐츠 및 제품 유통과모바일 데이터 및 통신 서비스에 집중하기로 하는 중요한 전략적 전환을 발표했습니다. 이 회사는 InComm과의 사전 지급 카드를 위한 핀테크 처리 계약을 종료하기로 상호 합의하였으며, 이 과정에서 475,000달러의 크레딧을 받았습니다. Cuentas는 디지털 콘텐츠, 교통 접근, 모바일 충전 및 통신 서비스를 제공하기 위해 InComm 재판매 계약을 유지할 것입니다.
회사는 미국에서 디지털 및 선불 모바일 통신을 혁신하기 위해 World Mobile 및 전국 통신사와 함께 서비스를 통합하기 위해 노력하고 있으며, 보편적 접근 및 Lifeline을 포함하고 있습니다. CEO 아리크 마이몬은 이 새로운 방향이 InComm과의 장기적인 관계와 신생 파트너십을 결합하여 Cuentas의 유통 네트워크 및 통신 전문성을 활용할 것이라고 강조했습니다.
Cuentas, Inc. (OTC: CUEN & CUENW) a annoncé un changement stratégique significatif, s'éloignant du fintech pour se concentrer sur la distribution de contenu numérique et de produits, ainsi que sur les données mobiles et les offres cellulaires. L'entreprise a convenu d'un commun accord avec InComm de mettre fin à leur accord de traitement fintech pour les cartes de débit prépayées, recevant au passage un crédit de 475 000 $. Cuentas maintiendra son Accord de Revente avec InComm pour fournir du contenu numérique, un accès aux transports, des recharges mobiles et des services cellulaires.
L'entreprise travaille à intégrer des services avec World Mobile et un opérateur national pour révolutionner les télécommunications mobiles numériques et prépayées aux États-Unis, y compris l'accès universel et Lifeline. Le PDG Arik Maimon a souligné que cette nouvelle direction combinera leur relation à long terme avec InComm et de nouveaux partenariats en développement pour tirer parti du réseau de distribution et de l'expertise télécom de Cuentas.
Cuentas, Inc. (OTC: CUEN & CUENW) hat eine bedeutende strategische Neuausrichtung bekannt gegeben und sich von Fintech entfernt, um sich auf digitale Inhalte und Produktdistribution sowie mobile Daten und Mobilfunkangebote zu konzentrieren. Das Unternehmen hat mit InComm einvernehmlich vereinbart, ihre Fintech-Verarbeitungsvereinbarung für Prepaid-Debitkarten zu beenden und dabei eine Gutschrift in Höhe von 475.000 USD zu erhalten. Cuentas wird ihre InComm-Wiederverkaufsvereinbarung aufrechterhalten, um digitale Inhalte, Transportzugang, Mobilaufladungen und Mobilfunkdienste bereitzustellen.
Das Unternehmen arbeitet daran, Dienstleistungen mit World Mobile und einem landesweiten Anbieter zu integrieren, um die digitalen und Prepaid-Mobilkommunikationsdienste in den USA, einschließlich universellem Zugang und Lifeline, zu revolutionieren. CEO Arik Maimon betonte, dass diese neue Richtung ihre langfristige Beziehung zu InComm und neu entstehende Partnerschaften kombinieren wird, um das Vertriebsnetz und die Telekommunikationsexpertise von Cuentas zu nutzen.
- Received $475,000 credit from InComm for closure of fintech processing agreement
- Maintaining InComm Resale Agreement for digital content and cellular offerings
- Developing partnerships with World Mobile and a nationwide carrier for expanded telecommunications services
- Focusing on potentially lucrative digital content and mobile services market
- Closure of fintech division, potentially losing revenue stream from prepaid debit card services
- Strategic shift may require significant investment and restructuring
Cuentas signs mutual agreement with InComm for closure of Fintech Processing Agreement to concentrate on Digital Content, Wireless Internet Connectivity and Mobile Phone offerings.
MIAMI BEACH, FL, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Cuentas, Inc. (OTC: CUEN & CUENW) (“CUEN” or “the Company”), recently filed an 8k disclosing the mutual sunsetting of its fintech processing agreement for the prepaid debit card with Interactive Communications International, Inc., (“InComm”) on August 12, 2024 and InComm’s issuance of a
Cuentas is changing direction and is closing its fintech division while it maintains and develops its InComm relationship. Cuentas will continue its InComm Resale Agreement to supply digital content, digital transportation access, mobile top-ups, bodega access and cellular offerings.
Cuentas is working to integrate the service offerings of World Mobile, Cuentas and a nationwide carrier that will revolutionize the digital and prepaid mobile telecommunications offerings in the US. This will include universal and Lifeline access to millions of households in the United States.
"This new direction for Cuentas will combine our long term relationship with InComm with the amazing capabilities and technology of these newly developing partnerships," said Mr. Arik Maimon, CEO and co-founder of CUEN. "We will continue to supply digital content, transportation access and mobility services while leveraging our extensive distribution network, three decades of telecommunications expertise, and our newly developing partnerships."
Cuentas, Inc. (OTC: CUEN & CUENW) is redesigning its proprietary technologies to integrate e-commerce, digital content and mobility services into solutions that deliver next generation services to the entire country, including unbanked, under-banked and underserved populations nationally in the USA. The revitalized Cuentas Platform will integrate Cuentas Mobile, the Company’s Mobile Telecommunications solution, with advanced digital and wireless services offerings to help entire communities across the nation. LINK: https://cuentas.com AND https://cuentasmobile.com.
About World Mobile
World Mobile was founded with a far-reaching goal: to connect everyone, everywhere while advocating for economic freedom and dignity. Unlike traditional mobile networks, World Mobile is based on blockchain and incentivises people to be part of a sharing economy that taps into the trillion dollar global telecom market. Individuals and business owners around the world can operate nodes on its network and bring their community online while earning revenue.
| Contact Information: Arik Maimon CEO at Cuentas Inc Email: arik@cuentas.com | For media inquiries: Investor Relations Email: info@cuentas.com Cuentas Inc. (OTC:CUEN) |
FAQ
What is Cuentas' new business direction as announced on August 19, 2024?
How much credit did Cuentas receive from InComm for closing the fintech processing agreement?
What services will Cuentas continue to offer through its InComm Resale Agreement?
What new partnerships is Cuentas (CUEN) developing for its telecommunications offerings?
