Net Element, Inc. (NASDAQ: NETE) Advances in $4.5 Trillion Mobile Payments Market with Launch of Netevia Light POS Solution

December 19, 2018 09:00:13
  • Worldwide mobile payment market expected to grow at a CAGR of 33.8 percent from 2017 to 2023 to a market size of $4.5 trillion
  • Net Element ranked in Deloitte’s Technology Fast 500 list as one of North America’s fastest-growing companies in 2018
  • Net revenue for Q3 2018 increased 15.7 percent to reach $17.2 million, with overall net revenue for first nine months of 2018 reaching $49.7 million

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) is answering the call for hassle-free purchase of goods and services as consumers and businesses seek the security and ease of digital and cashless payments. New strategies, such as Net Element’s recent announcement to bundle Netevia Light Point-of-Sale (“POS”) mobile payments acceptance software in PAX A920 and A80 smart terminals developed by PAX Technology, are seen as a robust solution to market demands, a news release notes (

“Mobile payments market is growing rapidly and we are taking advantage of this trend by launching our proprietary software on multiple mobile touch points including PAX Technology smart terminal platform,” Vlad Sadovskiy, president of integrated payments for Net Element, stated in the release. “Our robust application and PAX’s powerful hardware will enable…


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