Net Element Announces Growth in North America Transactions Solutions Segment


 
 
12:04 10/14/2017

Net Element Announces Growth in North America Transactions Solutions Segment

Net Element, Inc. NETE , a global financial technology company that operates a payments-as-a-service transactional and value-added services platform, announced meaningful growth in Unified Payments, its North America Transactions Solutions Segment division.

The first half of 2017 saw a 33% increase in total e-commerce volumes compared to the same period in 2016. In addition, transactions processed increased 34% in the first half of 2017 from the first half of 2016.

New merchants also saw a 37% increase the first half of 2017 compared to the first half of 2016.

"Unified Payments continues gaining market-share by delivering competitive e-commerce, mobile point of sale and integrated value added services through easy-to-use technology such as Apple iOS and Android apps while providing exceptional customer service, technical support and fast merchant on-boarding," commented Oleg Firer, Chief Executive Officer of Net Element. "We are confident in our ability to continue executing our growth strategy and are excited about the Company's future."

In addition, Total volumes for electronic commerce and value-added integrated services such as Aptito and Unified m-POS increased by 134% during the first half of 2017 over the same period in 2016. Transactions processed for the first half of 2017 increased by 84% over the same period in 2016 and new merchants for the first half of 2017 increased by 43% over same period in 2016.

These numbers show promise for NETE  as they seek transactional revenue growth by innovating SME productivity services such as its cloud based, restaurant and retail point-of-sale solution Aptito.

On the heels of this data, NETE  closed on Friday at $5.26 for an increase of 29.56%.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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