Net Element, Inc. (NASDAQ: NETE) Subsidiary and Payment Club Raise $7M to Expand Subscription-Based Payment Processing Service

September 4, 2018 10:26:17
  • Payment Club operates cashless processing services on subscription-based model
  • Payment Club co-founders raise $7 million for expansion plans

Net Element, Inc. (NASDAQ: NETE) subsidiary Unified Payments is launching subscription-based payment processing services through a partnership with Payment Club, Inc. that raised $7 million to finance the latter’s expansion plans (http://nnw.fm/eLiP8). Net Element develops multi-channel electronic payment solutions, among which is Unified Payments, a flexible mobile point-of-sale system that enables small and mid-sized businesses to accept cashless payments.

Payment Club provides payment processing services on a subscription-based model. Its co-founders recently announced completion of a…

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