Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE), through its PayOnline subsidiary, this morning announced the expansion of its payment module for electronic commerce and Content Management System (“CMS”) to include InSales, a popular omni-channel commerce and CMS platform aimed at small- to medium-sized businesses. In addition to supporting payments from the world’s most popular bankcards, such as Visa, Visa Electron, MasterCard, Maestro and MIR, the free PayOnline module for InSales supports a wide array of global currencies, including U.S. dollars, euros, rubles, tenge, soms, shekels and over 110 other currencies. Per this morning’s update, Net Element anticipates that PayOnline will gain access to over 4,000 new merchants in Russia and Kazakhstan with this expansion, providing an opportunity to realize significant revenue growth. PayOnline’s payment module is now available on 23 of the most popular ecommerce and CMS platforms, and the list of supported platforms continues to grow.
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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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