Net Element, Inc. (NETE)

[NetworkNewsWire]

NETE Subsidiary Launches Payment Acceptance Module for Four Popular Instant Messenger Apps

Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that its PayOnline subsidiary has launched a payment acceptance module for four popular instant messenger applications: Telegram, Viber, Facebook and VK. Made possible through a collaboration with Botmother, PayOnline’s Instant Payments Module is designed to help the company access a rapidly growing market of instant messaging users. “Chat-bots can be created for different purposes: to reduce the cost of customer support, improve corporate image or to increase sales… We are glad that our colleagues at PayOnline decided to offer their customers such a service using our designer platform,” Sergey Budyakov, one of the creators of the Botmother platform, stated in the news release. “We are ready to adapt and are confident that our design will be suitable for most bot platforms of the future – along with payments via PayOnline.” As noted in the news release, the instant messaging market is currently in a period of unprecedented growth, with a user base that’s expected to increase from over 3.2 billion users in 2016 to over 4.1 billion users by the end of 2020, according to The Radicati Group.

To view the full press release, visit http://nnw.fm/e1BDx

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.