NetworkNewsWire Announces Publication on Innovative, Next-Gen Solutions in Burgeoning Global Payments Marketplace
Jun. 14, 2018
NEW YORK, June 14, 2018 (GLOBE NEWSWIRE) -- via NetworkWire — NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Net Element, Inc. (NASDAQ:NETE), a client of NNW that offers global technology and value-added solutions.
To view the full publication, titled “Growing Global Payments Industry Encourages Bold New Approaches to Transactions,” visit: http://nnw.fm/t2Jb7
PayOnline, another Net Element subsidiary, recently announced a partnership with Bank Sputnik in the Russian Federation. As a result of this deal, PayOnline will be offering a comprehensive multi-channel payment facilitator solution to small and medium-sized business owners in the Federation. The tools offered by this solution are not currently available from any other transaction processing company in the region, providing Russian merchants with options that they did not previously have. In return, PayOnline gains access to a market largely untapped by its western competitors. The Russian digital payments sector was worth $27.9 billion in 2016 and is expected to reach $39.5 billion in 2018. This makes the partnership an extremely lucrative opportunity for Net Element.Like Net Element’s other products and subsidiaries, PayOnline provides merchants with access to a range of solutions to improve their payment processing. This includes a credit card auto account updater, multi-currency pricing, secured payments through tokenization of card data, advanced fraud detection tools, and smart transaction routing.
“This innovative, turnkey solution offers frictionless onboarding for merchants with integrated, value-added services,” said Andrey Krotov, CTO of Net Element. “With customizable payment flows, full-stack API and value-added solutions, PayOnline exceeds the unique needs of software platforms and merchants looking to enable payments in a multi-channel environment.”
About Net Element
Net Element, Inc. (NASDAQ:NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, please visit https://www.NetworkNewsWire.com.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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