Net Element, Inc. (NETE)

[NetworkNewsWire]

NETE's PayOnline Providing Single-Click Payment Services for RUNET-ID

Global payment technology provider Net Element, Inc. (NASDAQ: NETE) this morning announced that RUNET-ID, Russia’s largest Internet resource dedicated to the domestic IT industry and telecommunication events, has chosen PayOnline for its secure, single-click payment acceptance services. PayOnline will simplify the payment process for RUNET-ID’s user base of more than 500,000 IT professionals, enabling access to single-click transactions following a one-time entry of payment details. Per this morning’s update, this convenient transaction capability simplifies the payment process without compromising security. “We are honored to be recognized as the best payment partner for Russia’s largest Internet resource with access to over 500,000 IT professionals,” Marat Abasaliev, CEO of PayOnline, stated in this morning’s news release. “This new relationship further validates our leadership position in the region and creates an additional opportunity for significant growth.”

To view the full press release, visit http://nnw.fm/4sf4Y

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 US and selected emerging markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as 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 such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been recently launched. Net Element was named in 2016 by South Florida Business Journal as one of the fastest growing technology companies. Further information is available at www.netelement.com