Business
World Mobile Group Ltd Converts Payable Notes Into Equity, Acquiring Approximately 18.5% of Cuentas Inc. and Deepening a High-Growth Strategic Alliance
World Mobile Group Ltd Converts Payable Notes Into Equity, Acquiring Approximately 18.5% of Cuentas Inc. and Deepening a High-Growth Strategic Alliance.
About this update from Cuentas Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n World Mobile Group Ltd Converts Payable Notes Into Equity, Acquiring Approximately 18.5% of Cuentas Inc. and Deepening a High-Growth Strategic Alliance\r\n \r\n \r\n\r\n\r\nWorld Mobile Group Ltd Converts Payable Notes Into Equity, Acquiring Approximately 18.5% of Cuentas Inc. and Deepening a High-Growth Strategic Alliance\r\n\r\n\r\n\r\n\r\n\r\nMiami Beach, FL and London, UK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Cuentas Inc. (OTCQB: CUEN) and World Mobile Group Ltd today announced a transformative equity transaction in which World Mobile Group Ltd exercised its payable notes in exchange for 1,277,018 shares of common stock of Cuentas Inc., representing approximately 18.5% ownership of the Company. This strategic conversion signals a strong vote of confidence in Cuentas’ platform and accelerates the companies’ shared mission to build a next-generation mobile, blockchain, and media ecosystem. Cuentas Inc. and World Mobile Group Ltd. (UK) jointly own World Mobile LLC. World Mobile Group Ltd. owns and manages the rapidly expanding WMTx crypto token ecosystem, which has generated over 1.5 billion tokens in average daily trading volume over the last 30 days, underscoring rising global adoption, liquidity, and market momentum. Together, Cuentas Inc. and World Mobile Group Ltd are aggressively pursuing growth through an integrated strategy that combines mobile phone services, advanced security solutions, blockchain infrastructure, and media distribution. The companies are building a scalable platform designed to empower consumers, creators, and broadcasters, unlocking new revenue streams while expanding reach across domestic and international markets. The partnership is driven by closely aligned leadership. Shalom Arik Maimon, CEO of Cuentas Inc., and Micky Watkins, CEO of World Mobile Group Ltd., bring more than 40 years of shared industry experience, execution expertise, and global relationships to the table. Their collaboration is focused on turning proven assets into a powerful, unified market offering. Mr. Maimon’s acquisition of an exclusive mobility license more than a decade ago now forms the foundation of a bold U.S. rollout, enhanced by Mr. Watkins’ track record in blockchain, telecommunications, and digital infrastructure. The companies are also advancing plans to expand into media...