Global technology and value-added solutions group Net
Element, Inc. (NASDAQ: NETE) stands to benefit in the Russian e-commerce market
as consumers change their purchasing habits to go cashless. An article that
discusses the company’s opportunity in the market, expected to more than double
this year, reads, “Net Element is on it. In 2017, the company’s PayOnline
subsidiary launched Apple Pay support in Russia (http://ibn.fm/PSPdj). The global number of Apple Pay
users is growing at a rate of over one million per week, while transaction
volumes are up 500 percent over the last year. Since launching in Russia on
October 4, 2016, the number of Apple Pay users in the country has increased to
an estimated 200,000 and continues to grow. As a fully integrated electronic
commerce platform, PayOnline is at the forefront of the payments industry in
the region and poised for expansion into Russia. It is well positioned to
capitalize on this developing trend by enabling and supporting mobile and
e-commerce merchants to accept Apple Pay.”
To view the full article, visit http://ibn.fm/s2ch0
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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