At the
recent annual Noble Financial Equities Conference in Florida last week – an
opportunity for small-cap, micro-cap and OTC companies to make their pitches
for institutional investment –Net Element, Inc. (NASDAQ: NETE) stood out as
more and more investors look to get into the mobile-payments tech space.
Net Element
has been assertively developing its mobile-payment platform for several
verticals, including the growing online casino gaming vertical and in banking
and retail. The company’s CEO, Oleg Firer, gave the company’s presentation at
last week’s Noble conference and highlighted the progress the company has made
in recent months as well as the company’s future growth potential in several
verticals thanks to its mobile-payments platform.
Net Element
has been assertive in developing its platform for online gaming, which has
become a rapidly expanding segment of mobile entertainment, and a segment that
really demands an effective mobile-payment platform that will not be segregated
according to the type of device or operating system that is used.
And the Net
Element platform has recently modified and expanded into the mobile-banking
space in Russia, where a Net Element subsidiary, OOO TOT Money, is looking to
make an impact by providing a platform for bank customers to do secure
transactions digitally from their mobile devices and reducing or eliminating
the need for customers to go into physical bank branches to do their business.
With some
analysts posting a “strong buy” rating on Net Element stock late last year and
suggesting a $5.50 price target on a stock that was trading below $1.25, there
seems to be sentiment that Net Element is poised to be more than a viable
market player in the mobile-payment space.
For more
information, visit www.netelement.com
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