Cuentas to close fintech division, move to digital content, product distribution

Cuentas recently filed an 8k disclosing the mutual sunsetting of its fintech processing agreement for the prepaid debit card with Interactive Communications International, on August 12, 2024 and InComm’s issuance of a $475,000 credit to Cuentas to complete the closure. Cuentas is changing direction and is closing its fintech division while it maintains and develops its InComm relationship. Cuentas will continue its InComm Resale Agreement to supply digital content, digital transportation access, mobile top-ups, bodega access and cellular offerings. Cuentas is working to integrate the service offerings of World Mobile, Cuentas and a nationwide carrier that will revolutionize the digital and prepaid mobile telecommunications offerings in the US. This will include universal and Lifeline access to millions of households in the United States.