At last check in early trading, shares of Cuentas Inc. (CUEN) were up 5% at $1.13. Cuentas (CUEN) stock closed last session at $1.08, increasing 3.85% or $0.04. Shares of the company fluctuated between $0.94 and $1.36 throughout the day. The number of shares exchanged was 385K, more than the company’s 50-day daily volume of 54286.0 and higher than its Year to date volume of 50612.0.
In the past 12 months, Cuentas (CUEN) stock has retreated -70.08%, and in the last one week, the stock has moved up 15.72%. For the last six months, the stock has lost a total of -67.07%, and over the last three months, the stock has decreased by -44.90%. The stock has returned -18.80% so far this year. CUEN stock is rising following strategic business collaboration.
Who has CUEN teamed up with?
Cuentas (CUEN) is fintech e-banking and internet business specialist organization with exclusive innovation that conveys advanced monetary administrations to the underbanked and un-banked Hispanic, Latino, and migrant populaces including portable and web-based banking, pre-loaded charge, ACH and versatile stores, cash settlement, shared cash moving, and different administrations. CUEN’s General Purpose Reloadable (GPR) Card incorporates a computerized wallet, limits for buys at major physical and online retailers, rewards, and the capacity to buy advanced content.
Cuentas (CUEN) today reported that it has incorporated Western Union’s homegrown and global cash move abilities into the Cuentas versatile banking application.
- CUEN clients can now send cash to 200 nations and regions through the Cuentas versatile application.
- Utilizing Western Union’s driving worldwide cross-line, cross-cash stage, CUEN clients can helpfully move cash to loved ones anyplace across the world utilizing the Cuentas portable application.
- When sent, collectors can get their settlement in real money at any Western Union retail store.
- The understanding tackles the influence of Western Union’s immense omnichannel cross-line cash move abilities with CUEN’s helpful versatile banking and installments application for the Hispanic and Latino people group.
- Together, the two organizations presently offer the capacity to send cash across electronic and retail channels, while giving a prevalent client experience from the time cash is shipped off when it is gotten.
How the cooperation will help both the organizations?
With the mix of Western Union into the Cuentas (CUEN) versatile banking application, WU clients presently have a simple and reasonable method for sending cash not exclusively to Mexico yet worldwide too. The move will likewise assist CUES with expanding its clients’ admittance to computerized and conventional monetary administrations networks impeccably with Western Union’s capacity to give proficient and helpful cross-line cash move abilities.
