Net Element is a
payments-as-a-service technology provider with a cohesive mobile and
transactional services platform serving emerging market clients around the
world. The company’s wholly owned subsidiary, TOT Group, runs Unified Payments
and Aptito, a next-gen, cloud-based point of sale payments platform as well as
TOT Money, a prominent mobile payments service provider that is capturing a
growing share of the mobile payments market in Russia.
In early 2015, Net Element
entered into an advantageous partnership with TAS Group that will create
opportunities for the development and promotion of Europay, MasterCard, and
Visa (“EMV”) chip-enabled solutions, card management systems and mobile payment
technologies for US, Latin America and select international markets.
As a strategic partner, TAS
Group, which delivers software solutions for electronic money, payment systems,
capital markets and enterprise resource planning systems, will license its
proprietary technology to Net Element while also promoting and reselling Net
Element’s payment and mobile services to existing clients and potential
partners. This joint effort is international in scope and adjustable to the
distinctive needs of the different regions involved in varying stages of EMV
migration, as follows:
In the United States
• Net Element and TAS Group will mutually promote TAS Campus, an
EMV-ready prepaid system, to educational institutions, thereby creating an
effective multi-application payment solution for both faculty members and
students.
• Consequently, Net Element will be able to issue EMV-secure,
prepaid and specialty gift cards that can be used exclusively by merchants who
use Aptito, its all-in-one, digital point of sale system.
In Latin America
• The Net Element-TAS Group partnership will create the Unified Duex
Card, a physical and virtual card that allows payment processing and
all-inclusive account management between the US and Latin America. The card
will be EMV-enabled with full functionality in life cycle management plus
spending will be controlled by a single cardholder for both physical and
virtually-issued payment cards.
In Select Global Markets
• Net Element and TAS Group will work together through local
presence to deliver payment, capital and financial markets management solutions
to local financial institutions and processors in the Commonwealth of
Independent States, Russia, Middle East, India and Africa.
For more information, visit
www.netelement.com
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Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
