Net Element, Inc. (NETE)

[NetworkNewsWire]

NETE Teams with Payvision in Europe to Expand Access to Global Currencies

Net Element, Inc. (NASDAQ: NETE), through its PayOnline subsidiary, this morning announced the expansion of its list of integrations and partnerships in Europe through the addition of Payvision to its network of partners. Leveraging this partnership, PayOnline will gain an additional channel through which to route payments in Europe, effectively broadening the scope of its customers’ capabilities while supporting higher conversion rates and improved access to 120+ currencies globally. PayOnline’s work with Intui Travel, a website for searching and booking transportation online, demonstrates the potential benefits of the company’s partnership with Payvision. Per this morning’s news release, PayOnline was able to support a conversion rate of 89 percent for Intui Travel by integrating Payvision technology. “Intui Travel facilitates international business. We work with customers and suppliers from 190 countries. We needed payment solutions that offered optimal convenience for the payer and protected the company from fraud,” Ilya Balakhnichev, managing director of Intui Travel, stated in the news release. “With PayOnline we were able to offer optimal combinations of these factors in a cost-effective manner. We are satisfied with the constructive approach of PayOnline employees to the tasks that have arisen in the process of teamwork.”

To view the full press release, visit http://nnw.fm/y1nD4

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.