- Advanced Netevia platform gets payments to merchants’ bank accounts faster
- Equity capital injection of cash bolsters balance sheet
- New board members to sit on audit and compensation committees
According to Statista, total payment revenues worldwide climbed to $1.6 trillion in 2016, and the market is projected to reach $2.2 trillion by 2021. Therefore, it’s no surprise that payment processors like Net Element, Inc. (NASDAQ: NETE) are doing so well. The company recently reported 2017 full year revenues of $60.1 million, which represents an increase of approximately 11 percent over its 2016 revenues of $54.3 million. That top line seems set to rise even higher, as the company’s Fast Pass Funding, accessible through its proprietary Netevia platform, gets underway. The new Netevia multi-channel payments platform connects and collects payments across a number of channels, including point-of-sale and mobile devices, through a single integration point.
The revenue growth at Net Element in 2017 was boosted by strong performance in the company’s North America Transactions Solutions division, with both dollars and transactions increasing. Revenues in that business segment increased over…
More from NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com