Posted November 25, 2020
MIAMI, FL / ACCESSWIRE / November 24, 2020 / Cuentas, Inc. (OTCQB:CUEN) (“Cuentas”), a leading FinTech provider of mobile banking and payment solutions who is serving Hispanic and Latino communities, signed a 5 year exclusive agreement with Corporación en Investigación Tecnológica e Informática, S.A.P.I. de C.V. (CITI-SAPI), a Master Bill Pay Provider in Mexico for payments initiated from Cuentas Mobile App Cardholders in the US to allow Mexican Americans living in the US to pay major utilities and other bills for their families living in Mexico on a Non-Contact basis, without having to receive cash nor make lines at the utility payment centers.
This agreement will revolutionize the way Mexicans living in the US can support their families back home by using the Cuentas Mobile App to make major Non-Contact Bill Pay services so people living in Mexico do not have to make lines to receive cash and then make other lines to pay the bills, saving fees while avoiding the risks of cash in their pockets.
The following Bill Pay services in Mexico are among the most widely used and are already connected via API between Cuentas and CITI-SAPI: CFE (electricity) , TelMex (landline), TelCel (postpaid), TelNor, Gas Natural, AT&T (postpaid), Telefonica Movistar (postpaid), major cable & satellite providers such as IZZI, Sky/VeTV and Dish Network as well as water bills.
Cuentas is also in the final stages to complete its agreement with a leader in major cross-border money transfers that will help the same population to combine International Money Transfers with International bill pay to Mexico in the Cuentas Mobile App. For more information, please see the 2020-Q3 SEC 10Q report recently filed. https://cuentas.com/cuentas-2020Q3.pdf
“I am very pleased after working for many years in the Mexican market, to team up with CITI-SAPI to help improve the Mexican lifestyle tremendously to allow them to pay major bills on a Non-Contact, Real-Time basis which is very important during this COVID-19 pandemic,” stated Arik Maimon, co-founder and CEO. “This, for me was by far my biggest life mission to support our friends in Mexico and improve their lives dramatically. VIVA MEXICO!”