Cuentas provides update on partnership with World Mobile Group

Cuentas announces an update on its partnership with World Mobile Group. This newly launched joint program offers an immediate internet access alternative to 23 million households in the United States, following the termination of the Affordable Connectivity Program on June 1, 2024. Cuentas is set to launch this initiative leveraging World Mobile’s innovative platform, deploying localized networks tailored to specific customer needs. This seamless integration will provide internet access, roaming services, and mobile solutions, with a nationwide rollout expected as soon as July 2024. The Affordable Connectivity Program, canceled by the Federal Communications Commission effective June 1, 2024, due to lack of additional funding from Congress, previously enabled households to afford essential broadband for work, school, healthcare, and more. The ACP benefit provided a discount of up to $30 per month for internet service for eligible households and up to $75 per month for those on qualifying Tribal lands. Cuentas and World Mobile will promote this alternative service through a network of 30,000 retail outlets across the United States, currently served by CUEN‘s mobile and fintech offerings.