Net Element, Inc. (NASDAQ: NETE) Subsidiary PayOnl
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Posted On: 01/12/2017 5:08:58 PM
Net Element, Inc. (NASDAQ: NETE) Subsidiary PayOnline Adds Russia’s Leading Short-Term Accommodation Rental Service as Client
Before the opening bell, Net Element, Inc. (NASDAQ: NETE) announced that its PayOnline subsidiary has entered into a new partnership with Sutochno.ru, Russia’s premier C2C short-term booking service, through which PayOnline will be providing online payment acceptance services for the platform. Similar to Airbnb, Sutochno.ru gives users the tools to book short-term accommodation in markets across Russia. The site currently features more than 70,000 property listings, and it attracted over 700,000 guests in 2016. Sutochno.ru differentiates itself from Airbnb by offering a more attractive pricing model that eliminates commission charges for guests and minimizes fees for hosts.
Moving forward, PayOnline’s advanced payment technologies are expected to play a key role in Sutochno.ru’s ongoing efforts to add convenience and security for its customers while simultaneously enhancing the overall user experience. In this morning’s update, Yuri Kuznetsov, founder of Sutochno.ru, noted a collection of payment needs that he expects to be addressed through the PayOnline partnership, including “pre-authorization, escrowing and payment processing via all types of cards.”
“We are honored to see Sutochno.ru amongst our merchants; PayOnline has invested heavily in product development, and it is rewarding to see how merchants can utilize the capabilities of our platform to meet their business needs and provide an excellent experience to the end consumer,” Marat Abasaliev, chief executive officer of PayOnline, stated in this morning’s news release.
This morning’s update marks the second time in less than a week that Net Element, through its subsidiaries, has secured an agreement with a client operating in the booming global travel market. Last Friday, the company announced that its Unified Payments subsidiary had entered into an agreement and launched payment acceptance services for ReservHotel, a leading provider of travel distribution and booking solutions for hotels worldwide. Both partnerships highlight the marketability of Net Element’s capabilities as a global payment acceptance platform, particularly as it relates to cross-border transactions and complementary services.
Outside of the travel sector, Net Element has continued to establish its position on the international stage through partnerships with market leaders across a number of other industries. Last month, the company’s PayOnline subsidiary announced the launch of a payment acceptance module for Telegram, a popular cloud-based mobile and desktop instant messenger application. This first-of-its-kind payment service was made available upon launch for clients of VTB Insurance, a leading insurance provider in Russia, further strengthening Net Element’s strategic position in Russia’s rapidly developing electronic payments market. PayOnline currently provides payment acceptance services to more than 3,000 online, multi-channel merchants and service providers in the Commonwealth of Independent States, Europe and Asia.
For more information, visit www.NetElement.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Before the opening bell, Net Element, Inc. (NASDAQ: NETE) announced that its PayOnline subsidiary has entered into a new partnership with Sutochno.ru, Russia’s premier C2C short-term booking service, through which PayOnline will be providing online payment acceptance services for the platform. Similar to Airbnb, Sutochno.ru gives users the tools to book short-term accommodation in markets across Russia. The site currently features more than 70,000 property listings, and it attracted over 700,000 guests in 2016. Sutochno.ru differentiates itself from Airbnb by offering a more attractive pricing model that eliminates commission charges for guests and minimizes fees for hosts.
Moving forward, PayOnline’s advanced payment technologies are expected to play a key role in Sutochno.ru’s ongoing efforts to add convenience and security for its customers while simultaneously enhancing the overall user experience. In this morning’s update, Yuri Kuznetsov, founder of Sutochno.ru, noted a collection of payment needs that he expects to be addressed through the PayOnline partnership, including “pre-authorization, escrowing and payment processing via all types of cards.”
“We are honored to see Sutochno.ru amongst our merchants; PayOnline has invested heavily in product development, and it is rewarding to see how merchants can utilize the capabilities of our platform to meet their business needs and provide an excellent experience to the end consumer,” Marat Abasaliev, chief executive officer of PayOnline, stated in this morning’s news release.
This morning’s update marks the second time in less than a week that Net Element, through its subsidiaries, has secured an agreement with a client operating in the booming global travel market. Last Friday, the company announced that its Unified Payments subsidiary had entered into an agreement and launched payment acceptance services for ReservHotel, a leading provider of travel distribution and booking solutions for hotels worldwide. Both partnerships highlight the marketability of Net Element’s capabilities as a global payment acceptance platform, particularly as it relates to cross-border transactions and complementary services.
Outside of the travel sector, Net Element has continued to establish its position on the international stage through partnerships with market leaders across a number of other industries. Last month, the company’s PayOnline subsidiary announced the launch of a payment acceptance module for Telegram, a popular cloud-based mobile and desktop instant messenger application. This first-of-its-kind payment service was made available upon launch for clients of VTB Insurance, a leading insurance provider in Russia, further strengthening Net Element’s strategic position in Russia’s rapidly developing electronic payments market. PayOnline currently provides payment acceptance services to more than 3,000 online, multi-channel merchants and service providers in the Commonwealth of Independent States, Europe and Asia.
For more information, visit www.NetElement.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
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