Cuentas launches its telecommunications, signs $4M distribution agreement

Cuentas introduces its Cuentas Mobile telecommunications services in designated markets and initiate a partnership with a well-established retail distribution network. The launch of our telecommunications services is a significant milestone in the ongoing execution of Cuentas’ strategic plan and product development. Under the terms of the comprehensive agreement, its new distribution partner will initiate an initial order of 5,000 SIM cards. In addition to this, Cuentas is poised to offer cross-selling opportunities for its domestic and international mobile service top-up, gift cards, and transit cards. The company anticipates an estimated annual revenue of $4 million from this agreement. Its expansion plans will extend to new geographic markets, with a strong focus on serving Hispanic diaspora clients, providing them with a tailored and competitive product. Moreover, Cuentas will incorporate the cutting-edge digital and mobile protection software of WHEN Group, branded as “Cuentas 360.”