The payments industry is changing rapidly, with a growing number of users opting to pay for services or merchandise online or via mobile apps. This tendency has led to the emergence of thousands of companies dedicated to facilitating these payments for both the customers and the merchants. As more and more such businesses appear, there is growing concern for the quality and reliability of payment processing services, as well as for security of payment information.
According to a Business Insider report (http://dtn.fm/AW6oF) that takes an in-depth look at the current payment processing ecosystem, 2016 is a busy year for payments companies, as they focus on improving security of information, expanding their mobile service offerings, and building ecommerce capabilities designed to motivate consumers to continue making purchases digitally. It is expected that the volume of mobile payments will grow at a very fast rate in the U.S. and worldwide, being likely to reach $3 trillion by 2021.
In this vast landscape, a company such as Net Element, Inc. (NASDAQ: NETE) easily stands out for its versatility and dedication to offering value-added transactional services and high-quality mobile payment options to the global market. The company has several subsidiaries offering various payment processing solutions, ranging from comprehensive payment processing services for the retail industry to SMS messaging and mobile billing solutions or cloud-based point of sale platforms for the restaurant and hospitality industry. One of the most complex payment options comes from Net Element’s PayOnline subsidiary – a fully integrated e-commerce platform serving enterprises all around the world.
PayOnline, with offices in Russia and the Republic of Cyprus, was set up in 2009 as a dedicated provider of flexible, high-tech payment solutions customized for websites and mobile apps. The company is currently providing services to more than 3,000 companies in regions such as Eastern and Western Europe, the Commonwealth of Independent States, Central Asia, Asia Major and North America. Dedicated to providing the most reliable service and maximizing its customers’ volume of successful transactions, PayOnline takes the time to study and understand its merchant clients’ business needs and to provide them with payment solutions that are entirely consistent with their main objectives.
The company also offers modern payment technologies such as person-to-person, recurrent payments and one-click payments, as well as technologies for mobile commerce matching all the major operating systems, including Android, iOS and Windows. With multi-channel support of customers and payers, PayOnline is designed to process payments by credit card, e-Wallets or MasterPass.
For more information, visit www.NetElement.com
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