NetworkNewsWire Editorial Coverage: In the increasingly complex payments industry, companies have to provide new products and services to prove their relevance. Net Element, Inc. (NASDAQ: NETE) (NETE Profile) is providing novel payment solutions to the events industry while also expanding its existing services into Russia, carving a space in previously underserved niches. Amazon.com (NASDAQ: AMZN) uses its superior bargaining position to pass along the benefits of its corporate power to smaller businesses in the form of discounts on card transactions for those using its payment system. While Apple, Inc. (NASDAQ: AAPL) continues to its mark through technological innovation, testing out a payment system that allows customers to order and pay for products on the way to pick them up, Alibaba Group (NASDAQ: BABA) has made payment an integral part of a broader digitization strategy. Another industry player, Evo Payments, Inc. (NASDAQ: EVOP), offers payment processing with easy cross-border transactions to businesses around the world.
Payment Becomes More Varied
The global payments industry is thriving. As economies grow and consumer culture spreads around the globe, more and more financial transactions are carried out every day. Established businesses are looking for better ways to process…
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