- Increasing acceptance of smartphones for mobile payments coincides with emerging markets’ transition to non-cash transactions
- Global mobile payments solutions market projected to reach $3.14 trillion by 2022, growing at a CAGR of 32 percent from 2017 to 2022
- Innovative payment infrastructure and services are globally oriented but adaptable to unique requirements of each country
- Omni-channel shoppers spend between 50 percent and 300 percent more than single shoppers
Net Element, Inc. (NASDAQ: NETE), a global technology company specializing in mobile payments and value-added transactional services, is growing rapidly as consumers and retailers around the globe embrace the security and ease of digital commerce. Net Element provides more than 100 electronic payment solutions for clients in 50 countries and plans to move into additional international markets. Several market research firms, including Statista (http://ibn.fm/VRoBz), show that global transactions are soaring as consumers integrate mobile payment options into their daily routines.
Net Element and its team of engineers provide retailers with a disruptive, single commerce, all-in-one platform that supports multiple payment methods (http://ibn.fm/Mmd9X). The company’s focus on developing innovative technology enables Net Element to grow its strategic position in a variety of emerging markets around the globe. Estimates of worldwide transaction volume vary depending on the research firm, but experts agree that mobile payment totals are expected to move into the billions of dollars (http://ibn.fm/vvwG2).
Retailers and customers alike can appreciate the omni-channel offerings of Net Element’s payment infrastructure, which allows the integration of in-store, online and mobile device apps that interact with the consumer’s evolving needs in mind (http://ibn.fm/KckHE). A fully automated, encrypted payment solution that handles administration to configuration provides a secure and seamless cardholder transaction base for mobile purchases, while an exceptional collection of business analytics tools provides valuable information for today’s retailer that’s striving to make smarter decisions. Mobile payments are being used in a diverse range of business and consumer transactions, increasing exponentially as the proliferation of smart devices gains steam and consumers are offered the value-added benefits of mobile payments, according to Forrester Research Inc. (http://ibn.fm/bfA2v).
Net Element aims to grow transactional value by innovating productivity services for small to medium enterprises in the U.S. with its cloud-based restaurant and retail point-of-sale solution, Aptito. 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. The company’s newest multi-channel payments platform – Netevia – provides end-to-end payment processing through user friendly APIs. In a news release, Andrey Krotov, Net Element’s chief technology officer, said that Netevia’s platform “delivers a blueprint and easy to use tools for global commerce and monetization, saving developers and merchants time and money with one provider and one integration across all sales channels.”
For more information, visit the company’s website at www.NetElement.com
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