Cuentas Announces Launch of Revolutionary Mobile App and Prepaid Mastercard

 Cuentas Card and App to Transform Personal Finance for Underbanked Latino Consumers in the United States


Cuentas, Inc. (otcqb:CUEN) (“Cuentas”), a leading FinTech provider of mobile banking and payment solutions serving Latino and Hispanic consumers, today announced the long-awaited launch of the Cuentas Mobile App, allowing consumers for the first time to sign up for and use the Cuentas prepaid GPR (general purpose reloadable) Mastercard.

The Cuentas App, available for download now on the Apple App Store and on the Google Play Store for Android, allows consumers to easily activate their Cuentas prepaid Mastercard, review their account balance and conduct financial transactions. Cuentas is introducing free card to card transfers from one Cuentas card to other Cuentas cards which will be a very useful and competitive feature.

The Cuentas prepaid Mastercard acts as a comprehensive banking solution for the 20 million+ unbanked U.S. Latino community, uniquely enabling access to the U.S. financial system to those without the necessary paperwork to bank at a traditional financial institution while enabling greater functionality than a traditional bank account. This proprietary general-purpose re-loadable card provides an FDIC insured bank account with ATM, direct deposit, cash reload, free Cuentas card to Cuentas card transfers and mobile banking capabilities, among other key features – such as purchasing discounted gift cards and adding Mass Transit Credits to digital accounts (available in California, Connecticut, Michigan and shortly, New York City). Upcoming App upgrades will also include international remittance and other services.

“It is with great pleasure that I announce the long-awaited launch of the Cuentas App and prepaid Mastercard, which could revolutionize finance for millions of Latino Americans,” said Arik Maimon, Co-Founder and Chief Executive Officer of Cuentas. “This unique product, enabled through partnerships with an industry-leading issuing bank and processor, is poised to transform thousands of bodega merchants into financial hubs and make the banking system more accessible to all.”

“Arik and I have strived to bring this incredible product to market for years – addressing a clear, unmet need in the financial products marketplace,” added Michael De Prado, Co-Founder and President of Cuentas. “I would encourage all of our shareholders to download the Mobile App for themselves using the links above to experience our product firsthand. I would like to thank each of our valued shareholders for their support in making this launch possible and look forward to providing an update on the progress of the Cuentas Mastercard in the near future.”

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