NetworkNewsBreaks – Net Element, Inc. (NASDAQ: N

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Enters Partnership with Bank Sputnik

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that its PayOnline subsidiary is teaming with Bank Sputnik to offer a comprehensive multi-channel payment facilitator solution for SMB merchants in the Russian Federation. Per the update, Bank Sputnik has entered into an exclusive partnership with PayOnline to offer a fully compliant legal framework and bank sponsorship that will allow PayOnline to process transactions as a payment facilitator. “This innovative, turnkey solution offers frictionless onboarding for merchants with integrated, value-added services,” Andrey Krotov, CTO of Net Element, stated in the news release. “With customizable payment flows, full-stack API and value-added solutions, PayOnline exceeds the unique needs of software platforms and merchants looking to enable payments in a multi-channel environment.”

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