Net Element, Inc. (NASDAQ: NETE) Offers Streamlined Payment Processing Options
- Global B2B sales estimated at $7.7 trillion, while the B2C market tallies in at $2.3 trillion
- NETE’s international e-commerce platforms processed over 154 million transactions, totaling $2.8 billion, in more than 50 countries during 2017
- NETE’s value-added transactional services, marketing solutions, analytics and mobile payments provide award-winning options for businesses around the world
Net Element, Inc. (NASDAQ: NETE), a global financial services, technology and value-added solutions provider focused on electronic payment acceptance in multi-channel environments, continues to earn accolades as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In an exclusive interview with NetworkNewsAudio (http://nnw.fm/p6eIL), NETE CEO Oleg Firer provides insight into the company’s business model and how it’s earning its strong track record of increasing revenues.
Net Element operates as a payments-as-a-service transactional and value-added services platform for small to medium enterprises in the U.S. and selected emerging markets around the globe. The company’s point-of-sale solutions enable retail and e-commerce merchants to accept cashless payments from consumers, who are increasingly using their purchasing power from the comfort of mobile devices. A recent Google report notes that mobile usage is intensifying, and B2B researchers are using their mobile devices in the purchasing process (http://nnw.fm/BV1rF).
During 2017, Net Element processed over $2.8 billion in more than 154 million transactions from merchants in over 50 countries, Firer said.
“All of our products have value-added service offerings,” Firer told listeners. “We have one goal, to streamline payments at the point of sales and increase revenues for merchants internationally.”
2017 was a watershed year for e-commerce as online buying attracted more consumers, proving to businesses that accelerating a move to digital platforms is the path forward, as detailed in a recent Forbes article (http://nnw.fm/i3Qyx). In fact, B2B e-commerce in the U.S. is projected to reach $1.2 trillion and account for more than 13 percent of all B2B sales by 2021, with a compound annual growth rate of 7.4 percent, according to a report by Forrester (http://nnw.fm/lByE4). According to Statista’s 2017 B2B Ecommerce report, “B2B business is now dwarfing that of the B2C business,” with global B2B sales estimated at $7.7 trillion, compared to $2.3 trillion in B2C sales.
As a technology-driven group specializing in mobile payments and value-added transactional services, Net Element offers several solutions for merchants seeking their share of the e-commerce market. The company’s Netevia platform streamlines B2B payments by improving vendor payment processes and reducing the costs to send payments through a user-friendly web and mobile platform interface.
“We are excited to enable this functionality on our Netevia platform and make Netevia a market platform where small and medium-sized businesses can find comprehensive and innovative card payments-oriented solutions to enhance their operations,” Vlad Sadovskiy, president of integrated payments for Net Element, said in a news release (http://nnw.fm/0GkCg). “Enabling vendor payments is one more step towards achieving this goal,”
For more information, visit the company’s website at www.NetElement.com
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 B2B sales estimated at $7.7 trillion, while the B2C market tallies in at $2.3 trillion
- NETE’s international e-commerce platforms processed over 154 million transactions, totaling $2.8 billion, in more than 50 countries during 2017
- NETE’s value-added transactional services, marketing solutions, analytics and mobile payments provide award-winning options for businesses around the world
Net Element, Inc. (NASDAQ: NETE), a global financial services, technology and value-added solutions provider focused on electronic payment acceptance in multi-channel environments, continues to earn accolades as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In an exclusive interview with NetworkNewsAudio (http://nnw.fm/p6eIL), NETE CEO Oleg Firer provides insight into the company’s business model and how it’s earning its strong track record of increasing revenues.
Net Element operates as a payments-as-a-service transactional and value-added services platform for small to medium enterprises in the U.S. and selected emerging markets around the globe. The company’s point-of-sale solutions enable retail and e-commerce merchants to accept cashless payments from consumers, who are increasingly using their purchasing power from the comfort of mobile devices. A recent Google report notes that mobile usage is intensifying, and B2B researchers are using their mobile devices in the purchasing process (http://nnw.fm/BV1rF).
During 2017, Net Element processed over $2.8 billion in more than 154 million transactions from merchants in over 50 countries, Firer said.
“All of our products have value-added service offerings,” Firer told listeners. “We have one goal, to streamline payments at the point of sales and increase revenues for merchants internationally.”
2017 was a watershed year for e-commerce as online buying attracted more consumers, proving to businesses that accelerating a move to digital platforms is the path forward, as detailed in a recent Forbes article (http://nnw.fm/i3Qyx). In fact, B2B e-commerce in the U.S. is projected to reach $1.2 trillion and account for more than 13 percent of all B2B sales by 2021, with a compound annual growth rate of 7.4 percent, according to a report by Forrester (http://nnw.fm/lByE4). According to Statista’s 2017 B2B Ecommerce report, “B2B business is now dwarfing that of the B2C business,” with global B2B sales estimated at $7.7 trillion, compared to $2.3 trillion in B2C sales.
As a technology-driven group specializing in mobile payments and value-added transactional services, Net Element offers several solutions for merchants seeking their share of the e-commerce market. The company’s Netevia platform streamlines B2B payments by improving vendor payment processes and reducing the costs to send payments through a user-friendly web and mobile platform interface.
“We are excited to enable this functionality on our Netevia platform and make Netevia a market platform where small and medium-sized businesses can find comprehensive and innovative card payments-oriented solutions to enhance their operations,” Vlad Sadovskiy, president of integrated payments for Net Element, said in a news release (http://nnw.fm/0GkCg). “Enabling vendor payments is one more step towards achieving this goal,”
For more information, visit the company’s website at www.NetElement.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
