- Global digital payments market predicted to reach $5.41 million in 2022
- Worldwide sales of point-of-sales devices will reach $116 billion by 2025
- Net Element develops innovative solutions for mobile, ecommerce and point-of-sale payments
Statistics portal Statista forecasts the global digital payments market to grow at a CAGR of 13.5 percent from $3.26 trillion in 2018 to more than $5.41 trillion in 2022 (http://nnw.fm/71ceY). This includes online processed payment transactions, mobile point-of-sale payments and digital consumer commercial transactions. The digital commerce segment is the largest of the three, with a total transaction value of more than $2.87 trillion in 2018. Net Element, Inc. (NASDAQ: NETE), a company focused on providing solutions and services for mobile payments and value-added digital transactions, is well positioned to capitalize on this projected growth.
Net Element develops its technology to provide solutions for global deployment in a multi-channel environment, which includes point-of-sale, ecommerce and…
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