Tech Innovator Net Element, Inc. (NASDAQ: NETE) Partners with VIP Systems to Deliver Hospitality Industry Payment Solution

October 17, 2018 11:06:01
  • Tourism and travel industry revenues expected to reach $1.3 trillion by 2025
  • Partnership’s VIP Payments solution adaptable to popular hotel, travel industry software to enable card-present and mobile-enabled payments
  • Payment solution also designed to handle multiple currencies in booming era of tourist travel

Net Element, Inc. (NASDAQ: NETE) has taken a significant step in adapting its payment processing technology to the specific challenges of the tourism and hospitality industry through its recently announced partnership with VIP Systems, an advanced technology integrator already working in the hospitality industry space (

“VIP Systems is a leading technology integrator with vast experience deploying complex point of sale solutions for some of the biggest brands in the travel and hospitality industry; adding payments to its offerings will create new revenues for VIP Systems and enable us to create more guest-centric value-added offerings,” Vlad Sadovskiy, Net Element’s president of integrated payments, stated in the…

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