Global payment technology provider Net Element, Inc. (NASDAQ: NETE), through subsidiary Digital Provider, this morning announced plans to introduce a new partnership aimed at content providers, mobile network operators and mobile application developers during the GMSA Mobile World Congress 2017, which is set to take place in Barcelona, Spain, from February 27 to March 2, 2017. As the world’s largest gathering for the mobile industry, the Mobile World Congress will allow Digital Provider to meet face-to-face with existing partners while providing an opportunity to open dialogues with new mobile network operators (MNOs) and potential clients. The company’s current network includes MNOs in The Russian Federation, Kazakhstan, Azerbaijan, Poland and Turkey, and Digital Provider aims to extend coverage to over 15 new markets by the end of 2017. “This year’s Mobile World Congress slogan, The Next Element, aligns perfectly with Net Element,” Mikhail Shabanov, general director of Digital Provider, stated in this morning’s news release. “We are excited by our international development, and have made considerable strides with our proprietary platform and a pool of partners that position us to expand into new territories and create a truly global player in the direct carrier billing market.”
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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 US and selected emerging markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as its cloud based, restaurant and retail point-of-sale solution Aptito. 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 such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been recently launched. Net Element was named in 2016 by South Florida Business Journal as one of the fastest growing technology companies. Further information is available at www.NetElement.com
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