- NETE
platforms offer one-stop omni-channel processing solution with 100-plus
payment options
- E-commerce
expected to become largest retail channel in the world by 2021
- Consumers
quickly migrating toward omni-channel shopping, with up to 80 percent of
shoppers planning to buy online during 2018 holiday season
- Online
retail sales jumped 19.1 percent in 2018 over 2017 with U.S. retail sales
totaling more than $850 billion
- Growth
in North American market drove Net Element’s net revenue up nine percent
Net Element, Inc. (NASDAQ: NETE), a global financial
technology and value-added solutions provider that supports electronic payments
in an omni-channel environment, is meeting the needs of businesses and
consumers alike as the world’s retail environment continues to move more
completely online. From mobile payments and value-added transactional
innovations such as Digital Provider and Aptito to e-commerce and retail
payment transaction processing brands like PayOnline and United Payments, Net
Element is transforming the online and mobile experience for the better (http://ibn.fm/H8DRX).
Forrester Research Inc. notes an increasing shift of
business-to-business purchasing to e-commerce from more traditional forms of
buying, with B2B online commerce in the United States expected to reach $9
trillion in total sales this year (http://ibn.fm/xxNWp). Consumers are also moving more of
their purchases solely online, with retail online sales in 2018 jumping 19.1
percent over the previous year, according to Fortune magazine (http://ibn.fm/GI1Du).
Net Element, which develops multi-channel electronic payment
solutions, has seen a significant increase in its North American business as
well, according to a company news release. Ranked by Deloitte’s Technology Fast
500 as one of North America’s 500 fastest-growing companies in 2018, Net
Element grew by 183 percent during the time period of recognition (http://ibn.fm/8nvIK). Unified
Payments, a brand of leading bankcard payment processing services under the
NETE umbrella, is a particularly noteworthy contributor to the company’s
overall growth. Unified Payments provides solutions for small and medium-sized
enterprises throughout North America.
“We are excited to be recognized by Deloitte for our growth
over the past three years. This is further affirmation that our approach to the
reseller community levels the playing field and increases recurring sales for
Unified Payments,” Net Element president of integrated payments Vlad Sadovskiy
stated in a news release.
E-commerce is expected to become the largest retail channel
in the world by 2021, according to Euromonitor International, outpacing sales
through retail outlets, as detailed in a recent Forbes article (http://ibn.fm/ptYbp). Net
Element’s recent announcement to bundle Netevia Light Point-of-Sale (“POS”) mobile payments
acceptance software in PAX A920 and A80 smart terminals developed by PAX Technology is seen as a
robust solution to market demands (http://ibn.fm/xjiEF).
“The mobile payments market is growing rapidly, and we are taking
advantage of this trend by launching our proprietary software on multiple
mobile touch points including PAX Technology smart terminal
platform,” Vlad Sadovskiy, president of integrated payments for Net
Element, stated in a news release. “Our robust application and PAX’s powerful
hardware will enable business owners to process payments with greater ease and
more flexibility than ever before.”
Net Element’s suite of application programming interfaces
(APIs) and connectors power commerce for businesses of all sizes through
multi-channel platforms, all-in-one digital solutions and end-to-end encryption
of cardholder data utilizing tamper-resistant hardware that ensures integrity
and simplifies security.
For more information, visit the company’s website at www.NetElement.com
About MissionIR
MissionIR is
primarily focused on strategic communications. We have executed countless
communications programs to address the needs of companies ranging from
start-ups to established industry leaders, gaining valuable experience and the
expertise necessary to determine the most effective strategy for any given
situation.
For more information, visit www.MissionIR.com
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
