Mobile payments are expected to record a CAGR of 80% to more than $500 billion from now until 2020, pushed partially by an increasingly large number of millennials using their phones to make a payment of some sort. Net Element, Inc. (NASDAQ: NETE) is set to capitalize on this trend by providing a variety of secure payment solutions. “The millennial generation plays a critical role in leading the adoption of consumer technologies. This is one of the key reasons that professionals from a number of industries watch millennials to better recognize social and consumer behavior changes that are to come. Most recently, mobile payment technology has taken center stage, with many wondering whether or not this new type of payment method is here to stay.”
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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, Net Element is growing transactional revenue with innovative services including our cloud based, restaurant 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. For more information visit www.netelement.com
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