Global technology and value-added solutions group Net
Element (NASDAQ: NETE) recently announced that its transaction processing
volumes for the first six months of 2018 demonstrated a substantial increase of
37% as compared to the same period in 2017. Total dollars processed from
January 2018 through June 2018 totaled $1.62 billion versus $1.18 billion
during the previous year. The company attributes the growth primarily to its
subsidiary Unified
Payments. The North America Transaction Solutions segment realized the
largest increase of 40% to $1.4 billion from $1 billion while International
Transactions Solutions achieved $211 million, an increase of 20% from $176
million. “We are pleased with our continued growth across all segments. Our
growth is facilitated by our innovative, customer-focused value-added products
and services. We are confident this trend will continue for the balance of 2018
and intend on putting measures in place to ensure these growth initiatives
continue to deliver results well into the future,” Net Element CEO Oleg Firer
stated in the news release.
To view the press release, visit http://ibn.fm/QObWB
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services platform for small
to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the
U.S., it aims to grow transactional revenue by innovating SME productivity
services using blockchain technology solutions and Aptito, the company’s cloud
based, restaurant and retail point-of-sale solution. Internationally, Net
Element’s strategy is to leverage its omni-channel platform to deliver flexible
offerings to emerging markets with diverse banking, regulatory and demographic
conditions. Net Element was ranked as one of the fastest growing companies in
North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was
recognized by South Florida Business Journal’s as one of 2016’s fastest growing
technology companies. Further information is available at www.NetElement.com.
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