With an innovative portfolio of mobile payments and value-added transactional services, Net Element (NASDAQ: NETE) is squared off to capture its share of the $1.2 trillion global e-commerce market, as well as of the multi-billion dollar point-of-sale terminals market. “Those are awfully large pies for the taking, and global technology-driven company Net Element … is laying the table with a smorgasbord of products for retailers and consumers alike. Net Element’s transactional services business has been doing particularly well. A report from Zack’s Small-Cap Research (http://nnw.fm/iQK00) detailed that revenues from the company’s ‘US card processing services, grew a healthy 42.9% from $7.8 million to $11.2 million– all internally’ during the third quarter of 2016. Revenues for the nine months to September 30, 2016, were $29.4 million, representing 76% of total revenues.”
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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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