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In the increasingly complex payments industry, companies have to provide new products and services to prove their relevance. Net Element, Inc. (NASDAQ: NETE) (NETE Profile) is providing novel payment solutions to the events industry while also expanding its existing services into Russia, carving a space in previously underserved niches. Amazon.com (NASDAQ: AMZN) uses its superior bargaining position to pass along the benefits of its corporate power to smaller businesses in the form of discounts on card transactions for those using its payment system. While Apple, Inc. (NASDAQ: AAPL) continues to its mark through technological innovation, testing out a payment system that allows customers to order and pay for products on the way to pick them up, Alibaba Group (NASDAQ: BABA) has made payment an integral part of a broader digitization strategy. Another industry player, Evo Payments, Inc. (NASDAQ: EVOP), offers payment processing with easy cross-border transactions to businesses around the world.
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About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.
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