Alternet Systems, Inc. (OTCQB: ALYI), through wholly-owned
subsidiary Alternet Payment Solutions, took a significant step toward expanding
its market share in the thriving digital commerce industry on Monday through
the announcement of a new strategic partnership with MUXI, the Brazilian leader
in multichannel technology solutions for the point-of-sale industry. Through
this agreement, the company will look to introduce an innovative,
brand-agnostic point-of-sale terminal and disruptive payment technology to the
United States market. In total, Alternet estimates the potential market reach
of this partnership to include more than 20 million merchants across the
country.
MUXI’s proprietary technology empowers customers by
providing them with a point-of-sale platform that grants total control over
their assets and network without tying them to a particular point-of-sale
manufacturer. The platform allows remote and optimized application updates
while providing exceptional functionality across tablets and smartphones, effectively
addressing the considerable demand for mobile point-of-sale terminals from
small and medium-sized businesses.
“We envision MUXI’s products fitting an underserved market,
consisting of the largest outdated legacy [point-of-sale] infrastructure in the
world,” Henryk Dabrowski, chief executive officer of Alternet, stated in a news
release. “MUXY provides timely and cost effective solutions, across all
devices, to facilitate multichannel capability to any merchant.”
In 2013, the global point-of-sale market was valued at
approximately $36.86 million, and it is expected to grow at a compound annual
growth rate of 11.6 percent from 2014 to 2020. The U.S. market currently
represents nearly one-third of the global market, demonstrating the immense
potential of Alternet’s newly announced partnership moving forward. Look for
the company to leverage this opportunity in order to capitalize on increased
adoption of wireless and mobile point-of-sale solutions as operators continue
to turn to the ease-of-use, added mobility and decreased cost of ownership
provided by this technology, as compared to traditional point-of-sale
terminals.
Alternet’s new partnership with MUXI falls squarely in line
with its previously announced strategic plan to capitalize on the modernization
of the electronic point-of-sale legacy infrastructure in the U.S. market. This
significant progress, in combination with the company’s on-going efforts to
become a global leader in the digital currency industry, could provide Alternet
with a strong platform upon which to promote sustainable returns in the months
to come.
For more information, visit www.alternetsystems.com
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