Global technology and value-added solutions group Net Element (NASDAQ: NETE) this morning announced the launch of its Netevia Light Point-of-Sale (“POS”) mobile payments acceptance software on smart terminals by PAX Technology. Effective immediately, the Netevia Light POS application will come bundled in PAX A920 and A80 smart terminals, offering merchants a robust solution to seamlessly transact across multiple touch points and efficiently and conveniently conduct day-to-day operations.
“Mobile payments market is growing rapidly and we are taking advantage of this trend by launching our proprietary software on multiple mobile touch points including PAX Technology smart terminal platform,” Net Element President of Integrated Payments Vlad Sadovskiy stated in the news release. “Our robust application and PAX’s powerful hardware will enable business owners to process payments with greater ease and more flexibility than ever before.”
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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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