(NetworkNewsWire) line provides flexible, integrated payment solutions for e-commerce sector Platform matches almost all native systems, offline and online, including on mobile Online sales reached $395 billion in 2016, remaining a primary growth driver in the overall retail industry
Net Element, Inc.
Net Element (NASDAQ: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services. The company owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc. ("TOT Group"). TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Company in America in 2012, Aptito, a next generation cloud-based point of sale payments platform, Restoactive, a seamless digital add-ons for legacy POS systems, Digital Provider, a leading provider of SMS messaging and mobile billing solutions, and Payonline, fully-integrated, processor agnostic electronic commerce platform.
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE) has proposed to shareholders a reverse split of its common stock at a ratio of between 1-for-10 and 1-for-30 on the proxy at its annual meeting in 2017 (http://nnw.fm/5DUxz). It also plans to put to a vote of shareholders a reduction in common stock from 400 million shares to 100 million shares in the hope that fewer shares will result in an increase in the market price of its common shares.<br /><br />NETE is a cloud-based global financial company that accepts electronic payments in an omni-channel environment. It processes payments in what is becoming a cashless economy at point-of-sale and on mobile devices. It also offers clients management tools in its systems. A Zack's Research Report (http://nnw.fm/N2W4k) projects that the company will generate revenues of $74.6 million by 2018.<br /><br />In the SEC filing of the proxy (http://nnw.fm/1xbAA), NETE said that it will appeal the NASDAQ market's deficiency letter in a meeting on Augu ...
(NetworkNewsWire) The payment system has come a long way from the time when transactions were mainly settled in specie. In antiquity and during the medieval period, purses glittered with gold and silver coin. Then, paper money, used by the Chinese a thousand years before, began to appear in 17th century Europe.
Net Element (NASDAQ:NETE) Seeks To Grow Revenue by Digitally Processing Payments in an Increasingly Cashless World
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE) stands to benefit from a near cashless society as its North American Unified Payments group processes digital payments and drives sales for the company. A 2017 IPSOS survey for ING found that 54% of 12,585 respondents surveyed do not use cash in a restaurant. Instead, they pay by non-cash methods.
(NetworkNewsWire) Exciting developments continue for Net Element, Inc. (NASDAQ:NETE), which has become a proven entity within the thriving payments-as-a-service market.
(NetworkNewsWire) Cash may be king, but Miami, Florida-based fintech Net Element, Inc. (NASDAQ:NETE) seems set on deposing it. The innovative global technology company provides a range of non-cash payment solutions that are increasingly taking the place of cash as consumers expand their use of electronic means of payment.
Net Element (NASDAQ:NETE) Successfully Converts $2 Million Term Loan into $2.5 Million Revolving Loan
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE) has successfully converted its $2 million term loan into a $2.5 million revolving loan, which enables NETE and its subsidiaries to take advances of up to $1 million every calendar month. The loan date was also extended to May 20, 2021, from the original date of May 20, 2019.
(NetworkNewsWire) Currently trading at 65 cents a share, Zach's Small Cap Research just pegged Net Element (NASDAQ:NETE) at $3.12, five times current market value, once it reaches profitability. The highly respected research firm noted that Net Element's U.S. business growth was up a phenomenal 40 percent in the first quarter.
Net Element, Inc. (NASDAQ:NETE) on Pace to Record Revenues of $75 Million by 2018, per Zacks Research Report
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE) is seen reaching revenues of $75 million in 2018 by a Zacks Research Report issued in May 2017. In the Zacks Small-Cap Research Report, it is estimated that the company's sales will reach $63 million in 2017 and $74.6 million in 2018. Net Element reported actual revenues of $54.3 million in 2016.
Net Element, Inc. (NASDAQ:NETE) Subsidiary to Handle Payments for International Mobile Network Operator
(NetworkNewsWire) Now that the internet girdles the entire globe, Net Element, Inc. (NASDAQ:NETE), with its innovative range of electronic payment solutions, has made the world its oyster. The global mobile payments and transactional processing provider is based in North Miami Beach, Florida, but its customers are halfway around the world.