Business Description :
Net Element, Inc., a global payments-as-a-service company, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. It operates through North America Transaction Solutions, Mobile Solutions, and Online Solutions segments. The North America Transaction Solutions segment provides technology and services for businesses require to accept cashless transaction for retail card-present, e-commerce, or card-not-present mail order/telephone order transactions, as well as offers mobile payment services, merchant performance analytical tools, merchant back office reporting, and cloud-based Aptito, a point of sale (POS) platform, which includes hospitality, mobile POS, and small to medium sized business retail POS applications. The Mobile Solutions segment provides an integrated mobile billing and mobile commerce solution for digital merchants, such as social networks, game developers, online magazines, mobile applications, and digital media operators to monetize their content in a mobile environment. It also offers various mobile payment solutions for Web services and mobile applications. This segment provides mobile users to pay for purchases via mobile device, interactive device, or Web without a credit card or a bank account. The Online Solutions segment operates PayOnline that provide a range of value-added solutions utilizing its integrated platform agnostic electronic commerce that simplifies enterprise online transaction processing challenges from payment acceptance and processing through risk prevention, and payment security via point-to-point encryption and tokenization solutions. It operates in North America, Russia, and Commonwealth of Independent States. The company was formerly known as Net Element International, Inc. and changed its name to Net Element, Inc. in December 2013. Net Element, Inc. was founded in 2004 and is headquartered in North Miami Beach, Florida.
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