Cuentas signs software licensing and merchant processing agreements with OLB Group and eVance

Cuentas Inc.

Cuentas entered into two material definitive agreements on Aug 22, 2022 with OLB Group and its subsidiary eVance.
OLB will develop the Cuentas GPR-Mobile-App and API at no cost; Cuentas markets OLB POS devices to SDI merchants.
Revenue sharing on net revenues from device sales, reloads, white-label products; settled 30-net-30.
Agreement has 5-year initial term, auto-renew, non-compete, and non-solicitation clauses.
eVance agreement covers credit/debit card processing services for merchants referred by Cuentas.

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