Miami-based Net Element develops proprietary technologies
designed to simplify consumer commerce transactions via mobile device, as well
as allow merchants to transact business regardless of where they are and
whether they are online or offline.
The company owns and operates TOT Group, Inc., a global
mobile payments and transaction processing provider. TOT Group companies
include Unified Payments, which was recognized by Inc. Magazine as the No. 1
fastest growing private company in America in 2012; Aptito, a next-gen
cloud-based point of sale (“POS”) payments platform; and TOT Money, a mobile
billing solutions provider and Russia’s top-ranked SMS content provider,
according to Beeline, the country’s second largest telecommunications operator.
In addition to its stateside headquarters in Florida and
presence in Russia, Net Element maintains and is expanding an international
presence in select emerging markets. A recent joint venture with a group of
United Arab Emirates (UAE)-based industry professionals will enable the sale
and delivery of Net Element’s payment-as-as-service solution to all Gulf
Cooperation Council states and India.
In 2014 Net Element successfully eliminated the majority of
its debt, strengthening its balance sheet and creating a strong operational
foundation through which the company intends to grow market share, accelerate
sales and increase profitability.
To this affect, Net Element has established its growth
strategy for 2015 which includes completing its acquisition of mobile technology
innovator PayOnline; expanding its mobile payments presence in the Middle East
and India, expanding its Russia service offerings, and creating an
omni-channel, payments-as-a-service platform that can be integrated and
profitably adapted to global businesses.
Net Element also recently partnered with TAS Group, a global
provider of card management systems, electronic payments and financial markets,
to develop and market Europay, MasterCard and Visa chip-enabled solutions, card
management systems and mobile payment technologies in the U.S., Latin America,
Russia, CIS, Middle East, India and Africa.
Leveraging global development centers, a strengthened
balance sheet, and high-level business relationships, Net Element is primed to
achieve continued growth in the mobile commerce and alternative payments
environments in select global markets.
For more information, visit www.netelement.com
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