Net Element, Inc. (NASDAQ: NETE), a global technology and value-added solutions group, this morning announced the launch of a secure and compliant payment processing offering aimed at the legal cannabis industry. “We are excited to launch a legal cannabis payment acceptance solution to meet the needs of sales partners and merchants for this emerging market,” Vlad Sadovskiy, president of integrated payments for Net Element, stated in the news release. “Addressing the needs of our merchants is our No. 1 priority and we work closely with various vendors to bring our merchants state-of-the-art payment acceptance solutions.” As noted in this morning’s update, payment processing and compliance for the booming legal cannabis industry has become increasingly complex in recent years, despite the American market being on pace to reach $20 billion by 2020, according to industry reports. Net Element subsidiary Unified Payments is addressing the challenges by offering a compliant, seamlessly integrated payment solution that makes it simple to transact.
To view the full press release, visit http://ibn.fm/E5cS4
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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