MIAMI, FL / ACCESSWIRE / Could 26, 2020 / Cuentas, Inc. (OTCQB:CUEN) (“Cuentas”), a number one FinTech supplier of cellular banking and cost options geared toward serving Hispanic and Latino communities, submitted its formal software to listing its widespread shares on the NASDAQ Capital Market.
“Turning into a NASDAQ-listed firm might be a big milestone for Cuentas that builds on our momentum from the current launch of our Cuentas GPR card and Cellular App,” acknowledged Michael De Prado, co-founder and President. “We anticipate that the transfer to NASDAQ would serve to lift Cuentas’ visibility and improve buying and selling liquidity by broadening our enchantment to a bigger shareholder base as we execute our marketing strategy and drive long-term shareholder value.”
“After nearly four years within the public enviornment, administration could be very proud to succeed in this main milestone and with all humility and pleasure, we want to thank everybody for his or her assist, religion, persistence and dedication that allowed administration to realize this milestone,” acknowledged Arik Maimon, co-founder and CEO. There’s much more to come back on this course of and we expect that each one shareholders might be very pleased with Cuentas within the coming weeks.
The Cuentas Cellular App and pay as you go Mastercard providers present a complete monetary resolution for the 20 million+ underbanked or unbanked U.S. Hispanic & Latino neighborhood, offering entry to the U.S. monetary system to those that can’t or choose to not bank at a conventional monetary establishment whereas enabling better performance than a conventional bank presents.
A proprietary general-purpose reloadable (GPR) card, the Cuentas pay as you go Mastercard supplies an FDIC insured account with banking options, ATM entry, direct deposit, cash reload, free Cuentas App to Cuentas App “ship” or “request” cash transfers , and cellular banking capabilities, amongst different key Cuentas App options – corresponding to buying discounted present playing cards, together with Amazon Money, Sony Ps, Microsoft Xbox, Burger King, and so forth. and the power to scan & load Mass Transit Playing cards (obtainable in Los Angeles, Connecticut, Michigan, and anticipated shortly, New York Metropolis). Upcoming App upgrades will even embody worldwide cross border remittances and different providers corresponding to worldwide Invoice Pay whereas US Cuentas App account holders utilizing the Cuentas Cellular App will be capable to straight pay utility and different payments for family in different international locations corresponding to Mexico.
Now obtainable for obtain on Apple App Retailer and Google Play Retailer , the Cuentas Cellular App permits shoppers to simply activate their Cuentas pay as you go Mastercard, overview their account steadiness and conduct monetary transactions. Cuentas can also be introducing free card-to-card transfers from one Cuentas card to different Cuentas playing cards, which we consider might be a really helpful and aggressive function.
Cuentas, Inc. (OTCQB: CUEN) is an e-banking and e-commerce service supplier with proprietary know-how geared toward offering options for the underbanked and un-banked Hispanic and Latino inhabitants. Its providers embody, however aren’t restricted to, cellular banking, on-line banking, pay as you go debit, ACH and cellular deposits, cash remittance, peer to look cash transferring, and offering entry to bank accounts for purchasers who beforehand couldn’t receive bank accounts. The proprietary Cuentas Normal Goal Reloadable (GPR) Card supplies holders with a digital pockets, reductions for purchases at main bodily and on-line retailers, rewards, and the power to buy digital content material. For extra info, go to https://cuentas.com
This information launch comprises “forward-looking statements”, as that time period is outlined in part 27a of america Securities Act of 1933, as amended, and part 21e of america Securities Change Act of 1934, as amended. Statements on this press launch, which aren’t purely historic, are forward-looking statements and embody any statements relating to beliefs, plans, expectations or intentions relating to the longer term. Apart from the historic info offered herein, issues mentioned on this information launch include forward-looking statements which are topic to sure dangers and uncertainties that might trigger precise outcomes to vary materially from any future outcomes, efficiency or achievements expressed or implied by such statements together with that we’ll meet the usual for itemizing on NASDAQ or profitable in our launch of the Cuentas GPR card and cellular app. Statements that aren’t historic info, together with statements which are preceded by, adopted by, or that embody such phrases as “consider”, “plan” or “anticipate” or comparable statements are forward-looking statements.
Dave Gentry, CEO
Workplace: 1.800.RED.CHIP (733.2447)
SOURCE: Cuentas, Inc.
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