- Received
$7.55 million institutional investment to support growth
- Setting
the standard for global cross-channel payments acceptance and value-added
service offerings
- Global
business-to-business sales estimated at $7.7 trillion compared to $2.3
trillion business-to-consumer market
- Executed
several complex initiatives in 2017, continued to deliver double-digit
percentage organic growth year-over-year
- Total
transactions processed by NETE during first six months of 2018 at $50.2
million, up from $35.7 million during same period of 2017
Global financial services, technology and value-added
solutions group Net Element, Inc. (NASDAQ: NETE) continues increasing
profitability with a strong track record that includes processing transactions
in over 50 countries and coming “close to the $3 billion mark” with over 154
million transactions, Net Element CEO Oleg Firer stated in an exclusive
interview with NetworkNewsAudio (http://ibn.fm/UhMwq).
Key to this growth is the company’s next-generation Netevia platform that
offers a smart solution that enables secure vendor payment transactions and
streamlines business-to-business (“B2B”) transactions. Global B2B e-commerce
gross sales are estimated at nearly $7.7 trillion compared to the $2.3 trillion
business-to-consumer (“B2C”) market, according to Statista (http://ibn.fm/stEPr).
The company’s Netevia platform streamlines B2B
payments by improving vendor payment processes and reducing the costs to send
payments through a user-friendly web and mobile platform interface. This
streamlined transaction platform, developed for small and medium-sized
businesses, brings comprehensive and innovative card payments-oriented
solutions that enhance operations by enabling vendor payments.
With Netevia,
business owners can safely integrate payment acceptance into their unique
ecommerce solutions, allowing users to manage their vendors, process payments
and handle invoices with existing accounting systems. Merchants can streamline
their own processes, including marketing tools, payment mechanisms and
point-of-sale devices, and can add features as needed. Payment solutions
between vendor sales is also supported by Netevia (http://ibn.fm/aVL5K), and tech
support is available at any time by phone, email or web chat – a critical
benefit when dealing with international business ventures.
Businesses that use Netevia, which was launched in February
2018, can accept over 100 cashless payment methods in nearly two dozen
currencies. Net Element is well positioned in 2018 following a $7.55 million
institutional investment to support growth and the launch of a business unit
focused on blockchain technology solutions that will empower users to create
decentralized, customized payment products, accept cryptocurrency in a
multi-channel environment without having to pay high fees, develop loyalty
programs and more (http://ibn.fm/vEDiP).
For more information, visit the company’s website at www.NetElement.com
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