NetworkNewsBreaks – Net Element’s (NASDAQ: NET
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Posted On: 07/26/2017 5:43:39 PM
NetworkNewsBreaks – Net Element’s (NASDAQ: NETE) PayOnline Announces Support for iDEAL
Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE), through its PayOnline subsidiary, this morning announced that it has added support for iDEAL (https://www.ideal.nl/en/), a popular e-commerce payment system and market share leader in the Netherlands. Per a report by Thuiswinkel.org and the Ecommerce Foundation, the iDEAL payment system is currently the most widely used method of online payments in the Netherlands, accounting for roughly 54 percent of all Dutch online payments across over 220 million transactions as of 2015. This market presence is particularly noteworthy as online spending in the Netherlands continues to grow. In 2016, Dutch online spending was up by more than 23 percent to exceed 20 billion euros, and approximately 95 percent of the country’s age 15+ population shops online. For PayOnline, adding iDEAL support could be the first step toward extensive expansion throughout the European Union. The company intends to connect to similar European payment systems, such as SOFORT, in the near future in an effort to allow for greater customer flexibility while promoting sustainable revenue growth.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE), through its PayOnline subsidiary, this morning announced that it has added support for iDEAL (https://www.ideal.nl/en/), a popular e-commerce payment system and market share leader in the Netherlands. Per a report by Thuiswinkel.org and the Ecommerce Foundation, the iDEAL payment system is currently the most widely used method of online payments in the Netherlands, accounting for roughly 54 percent of all Dutch online payments across over 220 million transactions as of 2015. This market presence is particularly noteworthy as online spending in the Netherlands continues to grow. In 2016, Dutch online spending was up by more than 23 percent to exceed 20 billion euros, and approximately 95 percent of the country’s age 15+ population shops online. For PayOnline, adding iDEAL support could be the first step toward extensive expansion throughout the European Union. The company intends to connect to similar European payment systems, such as SOFORT, in the near future in an effort to allow for greater customer flexibility while promoting sustainable revenue growth.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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