QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Proves Fruitful with Over $1.6B in Transactions in First Half of 2018

During the first half of 2018, Net Element (NASDAQ: NETE) subsidiary Netevia reportedly processed $1.62 billion in transactions, with $1.4 billion occurring in North America. A recent article discussing Netevia reads, “A solid sign of the success of Net Element’s Netevia processing platform is that the value of the financial transactions that the company processed grew from $1.18 billion in the first half of 2017 to $1.62 billion in the comparable period of 2018, with $1.4 billion of that amount occurring in North America. The number of transactions processed by the company grew from 35.7 million to 50.2 million.”

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About Net Element

Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com

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