See feature article below: Net Element, Inc. (NASDAQ: NETE)
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Report For: Net Element, Inc. (NASDAQ: NETE)
Shares of NETE are up 16% today at $2.17 per share. Since April 20th, when the shares traded for $3.50, NETE shares have taken a beating hitting a low yesterday of $1.86 per share. Today’s bounce may be indicitive of the stock being oversold or reaction from investors to the accolades the company’s platform has received recently. Share volume at noon today is 4.5 million, already exceeding the daily average volume by a factor of ten.
NETE operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the US and selected emerging markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as its cloud based, restaurant point-of-sale solution Aptito. Internationally, Net Element’s strategy is to leverage its omni-channel platform in markets such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been recently launched.
MIAMI, FL–(Marketwired – Jul 7, 2016) – Net Element, Inc. ( NASDAQ : NETE ) (“Net Element” or the “Company”), a provider of global mobile payment technology solutions and value-added transactional services, today announced that its wholly-owned subsidiary, PayOnline was ranked as a leading payment gateway by independent digital market analytical agency Tagline.ru (“Tagline”) in its 2016 Payment Systems Rating.
The Top-10 payment gateway rating was compiled based on a survey performed from August 2014 – April 2015 with more than 390 digital-agencies that have production and/or client offices in Russia, introducing payment tools for their customers’ projects. Respondents provided answers to the questions like “What pay tools do you integrate in digital-solutions for your customers?” Companies represented in the rating were mainly payment integrators and processing centers with abilities to process bankcard and e-wallet transactions.
PayOnline moved up 2 positions from its previous 4th place ranking 2 years ago to its current 2nd place ranking. http://tagline.ru/payment-systems-rating/
Earlier this year an independent analytical agency Markwebb Rank & Report ranked PayOnline as a Top-5 payment acceptance company in Russia in its 2016 Internet Acquiring Rank Report. The agency noted its rating of participants by looking at the ease of technical integration of service with clients’ web-sites, next day settlements, user friendly merchant reporting, acceptance of alternative payment methods and the level of customer support provided.
“We are proud to be recognized as a leading payment gateway,” commented Marat Abasaliev, CEO of PayOnline. “PayOnline’s team is committed to delivering growth and disruptive product offerings that help create new market and value for merchants across selected emerging markets.”
Source – Company Press Release
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