Business
Next Group Holdings Announces Corporate Name Change & Initiation of New Fintech Services
Next Group Holdings Announces Corporate Name Change & Initiation of New Fintech Services.
About this update from Cuentas Inc.
[{"type":"text","content":"\n\n\n\nNext Group Holdings Announces Corporate Name Change & Initiation of New Fintech Services\n\n\n\n\n\nNext Group Holdings Announces Corporate Name Change & Initiation of New Fintech Services\nPR Newswire\nMIAMI, Florida, July 10, 2018\n\n\n\nMIAMI, Florida, July 10, 2018 /PRNewswire/ --\n\nNext Group Holdings, Inc. (OTCQB: NXGH) (the \"Company\" or \"NGH\"), a FinTech service provider delivering mobile banking, credit and telecommunications to the underbanked and underserved population, has announced its corporate name and identity will change to CUENTAS, INC. The website for Cuentas is http://www.cuentas.com and the Company is planning on requesting a symbol change to CUEN.\n\nThe name Cuentas and associated FinTech product branding provide an invitation and connection to Spanish speaking communities. Development of this brand name was done with our marketing partner, a major advertising and branding organization. For more information on this partnership please see https://www.otcmarkets.com/stock/NXGH/news/Next-Group-Holdings-Announces-Strategic-Partnership-with-CPB?id=129739\n\nNGH has been developing the Fintech / Telecommunications integration for the past nine years. It became clear that digital / virtual banking was becoming mainstream but was still an incomplete solution and was not able to reach nor provide the solutions required by the unbanked, underbanked and underserved populations in the USA. The estimated 2015 Hispanic population in the US was greater than 56 million people and the total estimated underbanked and underserved US population is greater than 70 million people.\n\nThe basic philosophy was to capitalize on the experience and knowledge gained from providing telecommunications services to recently immigrated populations in the USA who needed to maintain family and business ties back in their native country. These communities require a wide variety of financial, commercial and communications services to become part of the US economy and society.\n\n\"I am very pleased to share the new vision for our Cuentas FinTech project which has been in development for many years now and should begin to create new revenues and profits for our Company and shareholders,\" stated Arik Maimon, CEO & Founder of NGH. \"We continue to add more services and capabilities as our mobile wallet integration contin...