Net Element, Inc. (NETE) Businesses Serve as Catalysts for ANet Element, Inc. (NETE) Businesses Serve as Catalysts for Aggressive Corporate Growth
Net Element is a technology-driven group using proprietary technology to transform global mobile commerce. The company differentiates itself from competitors by focusing on value-added products and by applying years of specific market expertise to deliver innovative and scalable solutions for consumers and merchants.
Specializing in mobile payments and value-added transactional services, Net Element’s solutions enable consumers to make commerce transactions from their mobile device. On the merchant side of the transactions, Net Element’s online and offline payment capabilities allow vendors to conduct reliable business transactions anywhere and anyhow.
Under the Net Element umbrella, the company owns and operates a group of businesses, each with specific goals, purposes, market reach and focus on a specific niche of the commerce market.
TOT Group is Net Element’s global mobile end-to-end payments and transaction processing provider for mobile operators, content providers and merchants. The company’s services range from processing electronic payments at the point-of-sale to managing merchant terminals and providing information management services.
Within TOT Group’s portfolio of companies is Unified Payments, which was recognized by Inc. Magazine as the No. 1 fastest growing private company in America in 2012. Unified Payments was established to deliver a robust suite of payment processing solutions with fast and secure authorizations coupled with reliable uptimes. The company’s range of solutions includes industry-specific solutions (direct marketing, retail, hospitality, quick service, petroleum, supermarkets, healthcare, etc.), value-added solutions, point-of-sale equipment and financing solutions.
TOT Money is a mobile billing solutions provider and Russia’s leading SMS content provider for wireless carriers, content providers and merchants. The company recently secured a financing agreement with Bank Otkritie Financial Corp., one of Russia’s largest private-listed banks; in conjunction with its Alfa-Bank factoring agreement, TOT Money will have approximately $15 million of available credit to help fund its growth and expand its presence in Russia’s transactional services market.
Aptito is Net Element’s next-generation cloud-based point-of-sale payments platform for the restaurant industry. Aptito combines traditional point-of-sale functionality with modern digital menus, mobile ordering, social media, and management tools such as reservation scheduling and payroll systems. The recently launched Aptito version 2.0 has been optimized for iOS 8.1 and upgraded to add many new features, including business management and analytics. Aptito’s visual point-of-sale concept is designed to increase sales, productivity and customer retention.
In Net Element’s most recent quarterly filing, the company reported significant debt reduction and a narrowed quarterly loss. In the third quarter Net Element also eliminated more than $15 million of debt from its balance sheet, secured financing to accelerate its growth in the Russian market, and announced the availability of Apple Pay to merchants using the company’s Unified Payments offering.
Mobile commerce is projected to grow nearly 50% in the next four years, according to Forrester. Armed with a portfolio of synergistic businesses and strengthened balance sheet, Net Element is proving its position as a rapidly growing corporation with an aggressive strategy to flourish in the mobile commerce markets in emerging companies and the United States.
For more information, visit www.netelement.com
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