Net Element (NASDAQ: NETE), through its Digital Provider subsidiary, has developed the ability to provide direct carrier billing (DCB) services for a rising trend of consumer preference toward convenience for both online and offline purchases. “In many developing countries, from Cambodia, India, Indonesia and Vietnam in the east to Brazil and Mexico in the west, mobile penetration far exceeds the number of banked adults … This is good news for a provider of DCB such as Net Element. DCB, also called direct operator billing (DOB) and mobile content billing (MCB), allows a telephone subscriber to put the cost of a purchase on his or her phone bill. It has been around for some time as a way for subscribers to pay for ring tones and digital wallpapers they download and, according to Mobile Payments Today, is ‘the most popular mobile payment in use today’.”
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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 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. Further information is available at www.netelement.com.
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