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NetworkNewsBreaks – Net Element, Inc. (NASDAQ: N

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Post# of 1083
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Posted On: 10/16/2018 4:22:35 PM
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Posted By: NetworkNewsWire
NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Stands to Benefit in Booming Russian E-Commerce as Consumers go Cashless

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) stands to benefit in the Russian e-commerce market as consumers change their purchasing habits to go cashless. An article that discusses the company’s opportunity in the market, expected to more than double this year, reads, “Net Element is on it. In 2017, the company’s PayOnline subsidiary launched Apple Pay support in Russia (http://nnw.fm/w9VIE). The global number of Apple Pay users is growing at a rate of over one million per week, while transaction volumes are up 500 percent over the last year. Since launching in Russia on October 4, 2016, the number of Apple Pay users in the country has increased to an estimated 200,000 and continues to grow. As a fully integrated electronic commerce platform, PayOnline is at the forefront of the payments industry in the region and poised for expansion into Russia. It is well positioned to capitalize on this developing trend by enabling and supporting mobile and e-commerce merchants to accept Apple Pay.”

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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