Cuentas and Western Union signal 5-year settlement
MIAMI, FL / ACCESSWIRE / February 3, 2021 / Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW)(“Cuentas”), a number one FinTech supplier of cell banking and fee options targeted on Hispanic and Latino communities has signed a five-year settlement with the Western Union Firm (WU), a world chief in cross-border, cross-currency cash motion and funds. Cuentas will combine Western Union branded digital home and worldwide cash switch companies into the Cuentas Cellular Software and digital pockets in 2021.
Cuentas monetary companies are tailor-made to focus on the Latino demographic empowering their monetary inclusion for better financial success.
By way of Western Union’s international cross-border, cross-currency platform, Cuentas Cardholders within the US may have the flexibility to maneuver cash to household and family members virtually anyplace internationally from their Cuentas Cellular app. Prospects may have the choice of selecting for his or her receivers to be paid out in minutes[i] throughout Western Union’s international community representing billions of financial institution accounts, wallets, and playing cards in 120 nations or by means of greater than half one million retail areas in 200 nations and territories.
“We’re delighted in regards to the alternative to associate with Western Union, a world chief. It provides us an unimaginable alternative to serve shoppers with completely different use wants, particularly clients who’re unbanked or underbanked within the US. A contactless, secure, real-time answer for sending cash to family members across the globe is our promise to clients,” mentioned Arik Maimon, Cuentas co-founder and CEO.
“This new relationship with Western Union is the primary of many to return. That is our dedication to our clients to replace our companies and provides them extra choices and attain with the Cuentas App and Digital pockets,” said Michael De Prado, Cuentas co-founder and president.
Western Union’s cross-border, cross-currency platform seamlessly integrates native regulation, compliance, channels, foreign money, and language. The aptitude interprets right into a fee expertise of comfort, alternative, belief for shoppers served straight by Western Union. In latest instances, Western Union has opened its platform to a rising band of companions representing the monetary, telecom, and tech sectors.
“We welcome Cuentas to the Western Union community and are happy the mixing of our digital platform will deepen the supply to clients. We’re proud that our main digital capabilities proceed to allow digital funds for patrons and companies,” mentioned Molly Shea, Community Head, Western Union, Americas.
“We’re excited to see that Cuentas has reached this vital milestone and foresee large carry within the Latino section with this enablement with Western Union,” mentioned Jeff Lewis, Government Vice President of Sutton Financial institution, the issuing financial institution for the Cuentas Pay as you go Mastercard®.
The Cuentas Cellular App companies present a complete monetary answer for the unbanked, underbanked, and underserved U.S. Hispanic & Latino neighborhood, offering entry to the US monetary system to these unable to open a conventional checking account or preferring to not financial institution at a conventional monetary establishment.
Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) is a FinTech e-banking and e-commerce service supplier with proprietary know-how aimed toward offering options for the underbanked and un-banked Hispanic and Latino inhabitants. Its companies embrace, however should not restricted to, cell banking, on-line banking, pay as you go debit, ACH and cell deposits, money remittance, peer to look cash transferring, and offering entry to financial institution accounts for patrons who beforehand couldn’t receive financial institution 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 flexibility to buy digital content material. For extra info, go to https://cuentas.com
About Western Union
The Western Union Firm (WU) is a world chief in cross-border, cross-currency cash motion and funds. Western Union’s omnichannel platform connects the digital and bodily worlds and makes it potential for shoppers and companies to ship and obtain cash and make funds with pace, ease, and reliability. As of September 30, 2020, Western Union’s community included over 550,000 retail agent areas providing branded companies in additional than 200 nations and territories, with the aptitude to ship cash to billions of accounts. Moreover, westernunion.com, is quickest rising channel in 2019, is offered in over 75 nations, plus extra territories, to maneuver cash around the globe. With a world attain, Western Union strikes cash for higher, connecting household, mates, and companies to allow monetary inclusion and assist financial progress. For extra info, go to www.westernunion.com.
This information launch incorporates “forward-looking statements”, as that time period is outlined in part 27a of the US Securities Act of 1933, as amended, and part 21e of the US Securities Trade Act of 1934, as amended. Statements on this press launch, which aren’t purely historic, are forward-looking statements and embrace any statements relating to beliefs, plans, expectations, or intentions relating to the longer term. Aside from the historic info introduced 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 cell app. Statements that aren’t historic info, together with statements which are preceded by, adopted by, or that embrace such phrases as “imagine”, “plan” or “anticipate” or comparable statements are forward-looking statements.
[i] Service and funds availability rely upon sure elements together with the Service chosen, the collection of delayed supply choices, particular phrases relevant to every Service, quantity despatched, vacation spot nation, foreign money availability, regulatory points, shopper safety points, identification necessities, supply restrictions, agent location hours, and variations in time zones
SOURCE: Cuentas, Inc.
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