Net Element, Inc. (NETE)

[NetworkNewsWire]

NETE PayOnline Expands Global Reach, Revenue Opportunities with Support for eCommerce in the US

As part of the continued global expansion of its PayOnline platform, Net Element (NASDAQ: NETE) this morning reported that PayOnline is now offering support for electronic commerce in the United States. PayOnline’s API and SDK enables merchants to easily integrate payment solutions into their native environment and provides an array of industry-leading features. “We are excited to bring PayOnline to the United States and look forward to expanding our value-added offerings for merchants,” Vlad Sadovskiy, president of Integrated Payments for Net Element, stated in the news release. “Our fully integrated offering allows merchants to have consolidated multiprocessor reporting capabilities. This solution has been successful abroad and we feel it will be successful in providing added value to merchants in the United States, resulting in a new revenue segment for our North America transaction solutions as well as expanding PayOnline’s global reach.”

To view the full press release, visit http://nnw.fm/znE8R

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 U.S. and selected emerging markets. In the U.S. 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.