To view the full publication, titled “Payment Processing Companies Grow Through Applied Innovation,” visit: http://nnw.fm/irb0O
|At the turn of the millennium, payment processing was almost entirely driven by banks and the small number of companies supporting them. But in the years since, the market has been transformed, allowing newer companies such as technology-driven group Net Element (NASDAQ: NETE) to make its presence felt.|
|A number of factors have driven this change. One of the most obvious is the rise of the internet and online shopping. These online advances have created a need for online payment services, such as PayOnline, which allows retailers to quickly and easily get set up to take electronic payments. More recently, the options have extended to mobile payments, which have created a bridge between online and offline shopping, as consumers use internet-enabled phones to make payments on the high street.|
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 using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. 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. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.