- Received $7.55 million institutional investment to support growth
- Setting the standard for global cross-channel payments acceptance and value-added service offerings
- Global business-to-business sales estimated at $7.7 trillion compared to $2.3 trillion business-to-consumer market
- Executed several complex initiatives in 2017, continued to deliver double-digit percentage organic growth year-over-year
- Total transactions processed by NETE during first six months of 2018 at $50.2 million, up from $35.7 million during same period of 2017
Global financial services, technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) continues increasing profitability with a strong track record that includes processing transactions in over 50 countries and coming “close to the $3 billion mark” with over 154 million transactions, Net Element CEO Oleg Firer stated in an exclusive interview with NetworkNewsAudio (http://nnw.fm/547Sh).
Key to this growth is the company’s next-generation Netevia platform that offers a smart solution that enables secure vendor payment transactions and streamlines business-to-business (“B2B”) transactions. Global B2B e-commerce gross sales are estimated at nearly $7.7 trillion compared to the $2.3 trillion business-to-consumer (“B2C”) market, according to Statista (http://nnw.fm/FPuy2).
The company’s Netevia platform streamlines B2B payments by improving vendor payment processes and reducing the costs to send payments through a user-friendly web and mobile platform interface. This streamlined transaction platform, developed for small and medium-sized businesses, brings comprehensive and innovative card payments-oriented solutions that enhance operations by enabling vendor payments.
With Netevia, business owners can safely integrate payment acceptance into their unique ecommerce solutions, allowing users to manage their vendors, process payments and handle invoices with existing accounting systems. Merchants can streamline their own processes, including marketing tools, payment mechanisms and point-of-sale devices, and can add features as needed. Payment solutions between vendor sales is also supported by Netevia (http://nnw.fm/N3aYc), and tech support is available at any time by phone, email or web chat – a critical benefit when dealing with international business ventures.
Businesses that use Netevia, which was launched in February 2018, can accept over 100 cashless payment methods in nearly two dozen currencies. Net Element is well positioned in 2018 following a $7.55 million institutional investment to support growth and the launch of a business unit focused on blockchain technology solutions that will empower users to create decentralized, customized payment products, accept cryptocurrency in a multi-channel environment without having to pay high fees, develop loyalty programs and more (http://nnw.fm/N3aYc).
For more information, visit the company’s website at www.NetElement.com
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