Compensated Awareness Post View
Disclaimer
Net Element, Inc.’s (NETE) Pending Acquisition Target, PayOnline, Launches Mobile Payment Solution for iOS
Net Element (NASDAQ:NETE), which operates a payments-as-a-service platform for small to medium enterprises (“SME”) in the U.S., Russian Federation and other international markets, today officially announced that payment solutions provider PayOnline has released a new mobile payments solution for iOS (iPhone or iPad) mobile apps.
Net Element currently manages, operates and is in the process of integrating the PayOnline group of companies pending closing of Net Element’s acquisition of the company.
The new software developer kit (SDK) enables integration of PayOnline transaction processing into iPad and iPhone apps. Ural Airlines, Russia’s sixth largest airline, is one of the first PayOnline clients to accept payments using an iOS app.
PayOnline estimates 19 percent of its online payments processed during the first quarter were via mobile — an increase of 157 percent year-over-year, with 59 percent of those being iOS (iPhone, iPad).
“Our Pay-Mobile solution combines cutting edge mobile payments innovation with stability and security, baseline components of all PayOnline products,” Marat Abasaliev, general director of PayOnline, stated in the news release.
For more information visit www.netelement.com
