Net Element, Inc. (NETE) Increases Strength in Rus
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Posted On: 04/28/2015 6:21:47 PM
Net Element, Inc. (NETE) Increases Strength in Russian Market through PayOnline Acquisition
Following its acquisition of PayOnline, Net Element, Inc. (NASDAQ: NETE) has attracted significant buzz. SeeThruEquity, a leading independent equity research and corporate access firm, recently released a comprehensive update on the technology-driven company.
According to the report, the acquisition of PayOnline significantly expands the company’s scale, product offerings and international presence, particularly in emerging payment markets including the Russian Federation and the Commonwealth of Independent States (CIS). PayOnline is already established as a payment leader in Russia, which is estimated to be the sixth largest global payments industry, giving Net Element an immediate, significant bump in access to the nation’s expanding $50 billion market.
In addition to PayOnline, Net Element’s wholly-owned subsidiary, TOT Group, also operates TOT Money, which is an industry leader in the growing mobile payments market throughout Russia. As of January, TOT Money had exceeded one million mobile payment subscribers in Russia, which helped the service achieve 10 percent market share in the country’s thriving mobile payments sector.
By bolstering its position in major international markets, SeeThruEquity predicts that Net Element should experience robust growth for the foreseeable future while maintaining a strong competitive position. As the company’s area of influence continues to expand, executives and shareholders alike should be excited for what the future holds.
According to estimates by SeeThruEquity, PayOnline currently processes approximately $100 million in online payments each year, which generates roughly $3.5 million in annual revenue with positive net income. Growth potential, however, is virtually limitless. Currently, only 43 percent of the Russian population uses the internet, which gives Net Element a long runway for potential growth in the region. As e-commerce expands at a rate of 22 percent annually, the growth potential for the company appears to be reaching an all-time high.
By adding momentum to its current efforts in vital payment markets throughout Europe and Asia, Net Element is primed to capitalize on the industry’s record-setting growth figures. Look for the company to continue making significant strides towards becoming the overall mobile payments market leader, particularly in the Russian Federation, in the coming years.
For more information, visit www.netelement.com
Please read full disclaimers at http://disclaimer.missionir.com
Following its acquisition of PayOnline, Net Element, Inc. (NASDAQ: NETE) has attracted significant buzz. SeeThruEquity, a leading independent equity research and corporate access firm, recently released a comprehensive update on the technology-driven company.
According to the report, the acquisition of PayOnline significantly expands the company’s scale, product offerings and international presence, particularly in emerging payment markets including the Russian Federation and the Commonwealth of Independent States (CIS). PayOnline is already established as a payment leader in Russia, which is estimated to be the sixth largest global payments industry, giving Net Element an immediate, significant bump in access to the nation’s expanding $50 billion market.
In addition to PayOnline, Net Element’s wholly-owned subsidiary, TOT Group, also operates TOT Money, which is an industry leader in the growing mobile payments market throughout Russia. As of January, TOT Money had exceeded one million mobile payment subscribers in Russia, which helped the service achieve 10 percent market share in the country’s thriving mobile payments sector.
By bolstering its position in major international markets, SeeThruEquity predicts that Net Element should experience robust growth for the foreseeable future while maintaining a strong competitive position. As the company’s area of influence continues to expand, executives and shareholders alike should be excited for what the future holds.
According to estimates by SeeThruEquity, PayOnline currently processes approximately $100 million in online payments each year, which generates roughly $3.5 million in annual revenue with positive net income. Growth potential, however, is virtually limitless. Currently, only 43 percent of the Russian population uses the internet, which gives Net Element a long runway for potential growth in the region. As e-commerce expands at a rate of 22 percent annually, the growth potential for the company appears to be reaching an all-time high.
By adding momentum to its current efforts in vital payment markets throughout Europe and Asia, Net Element is primed to capitalize on the industry’s record-setting growth figures. Look for the company to continue making significant strides towards becoming the overall mobile payments market leader, particularly in the Russian Federation, in the coming years.
For more information, visit www.netelement.com
Please read full disclaimers at http://disclaimer.missionir.com
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