NEW YORK, June 28, 2018 (GLOBE NEWSWIRE) -- NetworkNewsAudio, via NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with Net Element, Inc. (NASDAQ:NETE), a client of NNW and global technology and value-added solutions group.
The interview can be heard at http://nnw.fm/547Sh
NNW’s Stuart Smith introduces Net Element’s CEO Oleg Firer in an interview that provides insight into the company’s business model and international financial technology (fintech) payment solutions.
With a leadership team boasting extensive experience in the payments industry, Net Element is focused on providing global payment processing services and value-added solutions. Specifically, the company offers point-of-sale solutions (“POS”) that enable retail or ecommerce merchants to accept cashless payments from consumers.
Net Element’s solutions are geared to take advantage of opportunity in the business-to-business (“B2B”) sector, which is growing at a rapid clip and dwarfing the business-to-consumer (“B2C”) industry. Global B2B sales are estimated at $7.7 trillion compared to the $2.3 trillion B2C market. Net Element’s Aptito platform enables streamlined payment processing at the POS, enabling merchants to drive more business through its marketing tools and to offer a variety of payment alternatives.
In addition to its Aptito offering, the Net Element product line provides a variety of next-generation solutions, including a U.S. merchant payment acceptance platform, an international ecommerce platform that enables online payment acceptance and hundreds of payment methods in numerous countries across the globe, and many more. According to Firer, Net Element’s complete line of products and service offerings are designed “to streamline payments at the point of sale and increase revenues for the merchants internationally.”
Throughout the remainder of 2018 and moving forward, Net Element is focused on increasing profitability. With a strong track record in this area, having increased Net Element revenues to $60 million in under three years, the company aims to continue to drive revenue and business growth without increasing overhead. Net Element processes transactions in over 50 countries, and in 2017 completed $2.8 billion in over 150 million transactions, coming “close to the $3 billion mark. That is a number that’s continuously scaling,” indicates Firer, attributing continued growth to the company’s solutions and international reach.
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 through its suite of proprietary solutions - including Aptito, Digital Provider, Payonline, Unified mPOS and Netevia - designed to streamline payments at the point of sale. 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.
For more information, visit the company’s website at https://www.NetElement.com
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Forward-Looking Statements
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.
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