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Net Element, Inc.’s (NASDAQ: NETE) Innovative Services Gain Multiple Recognitions, Rounding Up an Eventful Year

  • In December, Net Element received several ACQ5 online magazine recognitions, including the ‘Payment Solutions Provider of the Year’ award
  • NETE was also included in Deloitte’s ranking of the 500 fastest-growing companies in 2018
  • Through a diversified portfolio of specialized payment solutions for different industries, NETE anticipates to continue its growth trend in 2019

The year of 2018 has proven to be an eventful one for Net Element, Inc. (NASDAQ: NETE), a payment-as-a-service transactional and value-added services provider. Net Element was the recipient of numerous important recognitions, and market trends are suggesting that 2019 will be marked by additional growth and accomplishments.

Mid-December, international corporate magazine news site ACQ5 announced its annual global awards, honoring those whose work has been definitive for setting the standard in their respective niches (http://ibn.fm/HSHL0). Net Element received multiple awards, including recognition as ‘Payment Solutions Provider of the Year’ for the Americas. The company was also recognized as ‘Scale-up Company of the Year’ for payment solutions for the Americas. Additionally, NETE CEO Oleg Firer was honored as ‘Gamechanger of the Year’ for the Americas.

ACQ5 is a web-based magazine website for corporate executives. It has 168,000 subscribers, and its awards have been recognizing industry leaders for over 13 years.

On top of receiving the ACQ5 awards, Net Element was also included among Deloitte’s 500 fastest-growing technology companies in the U.S. in 2018. The Deloitte’s Technology Fast 500 ranking indicates that, during the monitored period for inclusion in the chart, Net Element grew by 183 percent. The growth of Net Element’s North America Transaction Solutions segment was one of the biggest driving factors of the company’s performance throughout the year (http://ibn.fm/fUpy8).

Interestingly enough, software accounts for two out of three companies in the Technology Fast 500 ranking. These companies are the ones that develop exciting technological solutions spanning robotics, artificial intelligence and predictive analytics, Deloitte & Touche partner Mohana Dissanayake said at the time.

The growing importance of such technological solutions will provide additional opportunities for Net Element’s development in 2019. Business enterprises are continuously looking for ways to carry out financial transactions quickly, efficiently and safely. The banking and lending communities have strict criteria and rigid expectations when it comes to making their services available.

Companies like Net Element are helping the market evolve and keep moving, especially since some of the most prominent NETE services are created for the needs of small and medium-sized companies.

Net Element subsidiary PayOnline increased the company’s ability to serve SMEs and their customers. The number of payment options is growing, and the platform is constantly being adapted to address the specific needs of representatives of various industries.

The company is also making more specialized payment services available to its customers. VIP Payments is a solution created especially for the needs of hotel and tourism industry representatives. Netevia, on the other hand, enables transparent online payment options for brick and mortar businesses that offer ecommerce or B2B solutions.

The NETE portfolio also includes Aptito, a solution for the restaurant industry, and Unified Payments, which is designed to specifically facilitate the work of kiosk and truck vendors.

For more information, visit the company’s website at www.NetElement.com

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