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Net Element, Inc. (NASDAQ: NETE) Keeping Pace with Rising B2B and Consumer Demands for Online Payment Options

  • NETE platforms offer one-stop omni-channel processing solution with 100-plus payment options
  • E-commerce expected to become largest retail channel in the world by 2021
  • Consumers quickly migrating toward omni-channel shopping, with up to 80 percent of shoppers planning to buy online during 2018 holiday season
  • Online retail sales jumped 19.1 percent in 2018 over 2017 with U.S. retail sales totaling more than $850 billion
  • Growth in North American market drove Net Element’s net revenue up nine percent

Net Element, Inc. (NASDAQ: NETE), a global financial technology and value-added solutions provider that supports electronic payments in an omni-channel environment, is meeting the needs of businesses and consumers alike as the world’s retail environment continues to move more completely online. From mobile payments and value-added transactional innovations such as Digital Provider and Aptito to e-commerce and retail payment transaction processing brands like PayOnline and United Payments, Net Element is transforming the online and mobile experience for the better (http://cnw.fm/bG0Pv).

Forrester Research Inc. notes an increasing shift of business-to-business purchasing to e-commerce from more traditional forms of buying, with B2B online commerce in the United States expected to reach $9 trillion in total sales this year (http://cnw.fm/N6Iqh). Consumers are also moving more of their purchases solely online, with retail online sales in 2018 jumping 19.1 percent over the previous year, according to Fortune magazine (http://cnw.fm/PU4rd).

Net Element, which develops multi-channel electronic payment solutions, has seen a significant increase in its North American business as well, according to a company news release. Ranked by Deloitte’s Technology Fast 500 as one of North America’s 500 fastest-growing companies in 2018, Net Element grew by 183 percent during the time period of recognition (http://cnw.fm/aA8SZ). Unified Payments, a brand of leading bankcard payment processing services under the NETE umbrella, is a particularly noteworthy contributor to the company’s overall growth. Unified Payments provides solutions for small and medium-sized enterprises throughout North America.

“We are excited to be recognized by Deloitte for our growth over the past three years. This is further affirmation that our approach to the reseller community levels the playing field and increases recurring sales for Unified Payments,” Net Element president of integrated payments Vlad Sadovskiy stated in a news release.

E-commerce is expected to become the largest retail channel in the world by 2021, according to Euromonitor International, outpacing sales through retail outlets, as detailed in a recent Forbes article (http://cnw.fm/05veB). Net Element’s recent announcement to bundle Netevia Light Point-of-Sale (“POS”) mobile payments acceptance software in PAX A920 and A80 smart terminals developed by PAX Technology is seen as a robust solution to market demands (http://cnw.fm/6HtIl).

“The mobile payments market is growing rapidly, and we are taking advantage of this trend by launching our proprietary software on multiple mobile touch points including PAX Technology smart terminal platform,” Vlad Sadovskiy, president of integrated payments for Net Element, stated in a news release. “Our robust application and PAX’s powerful hardware will enable business owners to process payments with greater ease and more flexibility than ever before.”

Net Element’s suite of application programming interfaces (APIs) and connectors power commerce for businesses of all sizes through multi-channel platforms, all-in-one digital solutions and end-to-end encryption of cardholder data utilizing tamper-resistant hardware that ensures integrity and simplifies security.

For more information, visit the company’s website at www.NetElement.com

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