Net Element is a technology-driven
group using proprietary technology to transform global mobile commerce. The
company differentiates itself from competitors by focusing on value-added
products and by applying years of specific market expertise to deliver innovative
and scalable solutions for consumers and merchants.
Specializing in mobile payments and
value-added transactional services, Net Element’s solutions enable consumers to
make commerce transactions from their mobile device. On the merchant side of
the transactions, Net Element’s online and offline payment capabilities allow
vendors to conduct reliable business transactions anywhere and anyhow.
Under the Net Element umbrella, the
company owns and operates a group of businesses, each with specific goals,
purposes, market reach and focus on a specific niche of the commerce market.
TOT Group is Net Element’s global
mobile end-to-end payments and transaction processing provider for mobile
operators, content providers and merchants. The company’s services range from
processing electronic payments at the point of sale (POS) to managing merchant
terminals and providing information management services.
Within TOT Group’s portfolio of
companies is Unified Payments, which was recognized by Inc. Magazine as the No.
1 fastest growing private company in America in 2012. Unified Payments was
established to deliver a robust suite of payment processing solutions with fast
and secure authorizations coupled with reliable uptimes. The company’s range of
solutions includes industry-specific solutions (direct marketing, retail,
hospitality, quick service, petroleum, supermarkets, healthcare, etc.),
value-added solutions, POS equipment and financing solutions.
TOT Money is a mobile billing
solutions provider and Russia’s leading SMS content provider for wireless
carriers, content providers and merchants. The company recently secured a
financing agreement with Bank Otkritie Financial Corp., one of Russia’s largest
private-listed banks; in conjunction with its Alfa-Bank factoring agreement,
TOT Money will have approximately $15 million of available credit to help fund
its growth and expand its presence in Russia’s transactional services market.
Aptito is Net Element’s
next-generation cloud-based POS payments platform for the restaurant industry.
Aptito combines traditional POS functionality with modern digital menus, mobile
ordering, social media, and management tools such as reservation scheduling and
payroll systems. The recently launched Aptito version 2.0 has been optimized
for iOS 8.1 and upgraded to add many new features, including business
management and analytics. Aptito’s visual POS concept is designed to increase
sales, productivity and customer retention.
In Net Element’s most recent
quarterly filing, the company reported significant debt reduction and a
narrowed quarterly loss. In the third quarter Net Element also eliminated more
than $15 million of debt from its balance sheet, secured financing to
accelerate its growth in the Russian market, and announced the availability of
Apple Pay to merchants using the company’s Unified Payments offering.
Mobile commerce is projected to
grow nearly 50% in the next four years, according to Forrester. Armed with a
portfolio of synergistic businesses and strengthened balance sheet, Net Element
is proving its position as a rapidly growing corporation with an aggressive
strategy to flourish in the mobile commerce markets in emerging companies and
the United States.
For more information, visit
www.netelement.com
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Sign up for “The Mission Report” at www.MissionIR.com
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