Generally speaking, corporate milestones are a dime a dozen.
Reaching the 1 million mark – by any measure – however, is something unique.
Last week, Net Element’s mobile billing and payments subsidiary OOO TOT Money
did just that. Shares of Net Element spiked 13% last Thursday after announcing
that TOT Money surpassed 1 million recurring mobile payment subscribers.
The company reported a 12-percent increase in January 2015
monthly processed volume, up 49% from the platform’s April 2014 launch. TOT
Money also achieved double-digit, quarter-over-quarter growth in subscribers
during 2014.
Ranked as a Top 3 mobile payments provider in Russia, TOT
Money enables mobile phone users to use their devices to make mobile payments
by debiting their mobile operator account. Services include premium SMS,
WAP-click, Internet-click, in-app purchases and other direct-carrier billing
integration services for secure, modern mobile transactions.
Hitting the 1-million mark demonstrates TOT Money’s ability
to increase its market saturation and confirms the company as an industry
leader in the growing mobile payments market in Russia. In fact, according to a
market size assessment by J’son & Partners Consulting report of the Russian
Market of Mobile Operators Payments, TOT Money holds a 10% share of the overall
market.
Net Element has also dropped anchors in various other
aspects of the global mobile payments markets. TOT Money is just one of three
companies under the TOT Group umbrella, which is owned and operated by Net
Element.
TOT Group companies include Unified Payments, which in 2012
was recognized by Inc. Magazine as the No. 1 Fastest Growing Private Company in
America; and Aptito LLC, a next generation cloud-based point of sale payments
platform.
Unified Payments recently provided the technical setup,
support and credit card processing for the sale of merchandise at the January
2015 College Football Playoff National Championship event in Dallas, Texas.
The task included the set-up of a multi-location payment
processing system within 68,000 square feet of combined merchandise space using
24 registers, iPad based terminals, Bluetooth scanners and receipt printers in
five separate sites to enable seamless, centralized inventory controls and
replenishment, fast checkout, good customer service, and the ability to accept
Apple Pay. The successful event demonstrated Unified Payments abilities and
provides Net Element with a gateway for similar events in the future.
Net Element’s Aptito is a cloud-based iPad point-of-sale
solution designed specifically for the food and beverage industry. The platform
allows staff to take orders, send them to the kitchen, process payments – all
from one device – saving time, reducing payroll costs, improving customer
satisfaction, and even increasing profitability.
The award-winning Aptito platform includes point-of-sale and
table management, kiosk, digital menu, mobile point-of-sale, online ordering
modules and integrated payment card processing. The platform’s business
management software enables restaurant owners and managers to access the system
from any location using any web browser and review comprehensive reports,
adjust menus, pricing, set up happy hours, manage inventory, personnel, wages
and tips allocation.
Together with its subsidiaries, Net Element has assumed a
firm stance in the ecommerce and mobile commerce environments where it
leverages global development centers and high-level business relationships in
the United States, Russia and Commonwealth of Independent States to achieve
continued growth.
For more information, visit www.netelement.com
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