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Cuentas Expands Internationally with Cuentas LATAM in Mexico

Miami Beach, FL, June 23, 2022 (GLOBE NEWSWIRE) -- 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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