Net Element, Inc. (NASDAQ: NETE) Increases Revenues, Records Double Digit Growth in Mobile Transaction Markets

April 17, 2018 13:45:27
  • Transactions processed rose by 14 percent to reach $2.8 billion in 2017
  • Net Element launches new service, Fast Pass Funding, on proprietary Netevia platform
  • Global ecommerce market reached $2.7 trillion in 2017, expected to hit $4.5 trillion in 2021
  • Surge in mobile payments market tied to convenience, security
  • JGR Capital initiates coverage on Net Element, Inc.

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) continues to embrace emerging and disruptive technologies in its quest to improve the experience of mobile payment solutions for its clients and their customers. Net Element launched a wide array of partnerships in 2017, all geared toward connecting and simplifying payments across multiple sales channels throughout the globe.

SeeThruEquity noted in its recent update (http://nnw.fm/OF5o0) to Net Element’s 2017 performance report that the company’s revenue growth was driven by its North America Transactions Solutions business segment, which topped…

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