Net Element, Inc. (NETE)

[NetworkNewsWire]

NETE Subsidiary Announces Launch of Loyalty Program for Merchants

Net Element, Inc. (NASDAQ: NETE) announced this morning that its PayOnline subsidiary is now offering a loyalty program to its merchants. This new program provides clients access to valuable special offers and discounts for business services they are likely using, such as SEO, digital telephony, website hosting, fulfillment, and more. Companies participating in the loyalty program include Livetex, CoMagic, VertComm, Trilan, ISPserver, UiS and ExpressRMS. “Payment is at the heart of any online company, but by providing access to a select few business service providers PayOnline is aiming to become a gateway for merchants starting or developing their business,” stated Marat Abasaliev, CEO of PayOnline.