Net Element’s (NASDAQ: NETE) Electronic Payment Solutions Set to Pay Off on the Back of Global Growth in Digital Payments Market
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://ibn.fm/hnIQW). 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…