Net Element, Inc. (NASDAQ: NETE) is zeroing in on the growth potential of its Aptito processing and management system, which offers digital menus, social media collaboration, mobile ordering and a suite of business management solutions to bring an establishment into the digital age.
“Net Element is a financial technology group which, in an omni-channel environment, digitally processes global transactions in what is becoming a world of cashless processing. From point-of-sale and mobile devices, Net Element processes electronic payments. In the first quarter of 2017, the company generated 81% of its worldwide revenue from North American transactions — compared to 70% the prior year. That dominant revenue contribution was driven primarily by payment processing fees in North America, which jumped by 40%, exhibiting significant organic growth. To further stimulate that rise, Net Element is making significant enhancements to its Aptito processing system … In the fast-changing retail and restaurant industries where sales growth and customer retention are key, Aptito is being refined with enhanced options for reservations, bartending, reporting, and kiosks. It also includes advanced printing, monitoring, and inventory systems. The new Aptito permits users to import and export menus. It also enables modification to partially paid orders. Finally, there are new enhancements to its system security, inventory and gift cards.”
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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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