Net Element is a technology-driven company focused on mobile payments and
value-added transactional services in emerging countries and in the United
States. To drive its revenue, NETE operates a global mobile payments and
transaction processing provider known as TOT Group that includes Unified
Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company
in America in 2012; Aptito, a cloud-based point of sale (POS) payments
platform; and TOT Money, which has a leading position in Russia and has been
ranked as the best SMS content provider by Beeline, the second largest telecom
operator there.
In cooperation with its subsidiaries, Net Element provides ecommerce and
value-added features to mobile commerce environments. By way of its global development
centers and strong business relationships in the US, Russia, and Commonwealth
of Independent States, the company is set in place for growth going forward.
The company endeavors to be a worldwide publisher of online destinations
and business services on a technology platform specifically designed for
Internet and mobile distribution. The platform is leveraged as a springboard
for rapid development, production, and distribution of high-definition and
three-dimensional media content. Additionally, the company creates social and
business communities in motorsports, music, film and entertainment through the
ownership if its internet properties.
NETE’s brand line-up includes Motorsport.com, Openfilm.com, Music1.com,
Yapik.com, and ARLive.com. Simply stated, the company plans to transform the
online experience. Their team consists of individuals equipped with years of
experience in the various fields of technology, marketing, architecture,
intellectual property, law, creative writing, product design, and all forms of
digital and print media.
At the helm of the company’s management group is Chief Executive Officer
Olig Firer. Mr. Firer is responsible for the strategy and execution of the
company’s mission of invigorating global commerce. Before his tenure at Net
Element, Mr. Firer served as Executive Chairman of Unified Payments and has led
the company from its launch to its acquisition by TOT Group in April of 2013.
Under his leadership, Unified Payments’ revenues grew an astonishing 23,646%
over 3 years. Further, the company was ranked as fastest-growing company by
Inc. Magazine in 2012. In his business activity prior to Unified Payments, Mr.
Firer held senior leadership posts in payment processing, private equity, and
wireless communications. Impressively, Mr. Firer was acknowledged by Forbes as
one of the 5 Incredible Entrepreneurs and by Business Leader Magazine as a Top
Entrepreneur in South Florida. Additionally, Mr. Firer was named by Poder
Magazine as one of the Most Influential People in Miami and recognized by Inc.
Magazine as the founder of the fastest-growing private company in 2012. Mr.
Firer serves as a board member of Net Element and a member of the Electronic
Transactions Association (ETA) Mobile Payments, ISO Practices and Risk, Fraud &
Security committees.
The company provides the technology and services that businesses require
to accept cashless transactions for the SME business under the Unified Payments
brand. NETE processes cashless transactions for card-present or
card-not-present transactions, including point-of-sale, mobile POS, Internet
businesses, service-oriented businesses, and mail order/telephone order
merchants, as well as checks and direct debits.
The company also provides Aptito, a mPOS and value-added services
technology, which helps restaurants drive consumer engagement through tablet,
mobile, and other cloud-connected devices. Aptito provides hospitality
merchants with tools to increase sales, productivity, and customer loyalty. In
addition, it offers carrier-integrated mobile payments solutions, including
in-app, premium SMS, online, and carrier billing.
Further, the company provides engineering services to its payment
processing and mobile payment solutions business. Net Element, Inc., together
with its subsidiaries, enables ecommerce and content-management companies to
monetize their assets in ecommerce and mobile commerce environments.
Mobile payments are known for strengthening relationships between those
who sell and those who buy, as merchants are offering more convenience and
customers are staying loyal because of it. But merchants and customers are both
curious about who is interested in mobile payments and just how the industry is
coming into focus. Net Element, Inc.’s work to date, through its global market
strategy, is placing its name in the middle of the discussion that leads to
internal growth and cutting-edge solutions for its customers.
For more information, visit www.netelement.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
