- Net
Element specializes in e-commerce technological solutions for an
increasingly digital era
- Company’s
Netevia platform rolls out new capability for Internet of Things
marketplace with In-App Payments Software Development Kit
- Forecasts
predict that IoT industry will produce more than 50 billion devices by
2020, with revenues of $520 billion by 2021
Online payment technology innovator Net Element Inc.
(NASDAQ: NETE) has made its business the art of enabling commerce amid the
digital finance revolution, and the company announced the further development
of its Netevia B2B e-commerce services in a January 22 news release that
highlights the launch of Netevia’s In-App Payments Software Development Kit
(SDK) for hardware manufacturers and application developers building Internet
of Things (IoT) connectivity (http://ibn.fm/dZnLS).
The Net Element platform’s SDK for IoT provides an avenue
for developers to build a simple, professional payments flow protocol for
IoT-networked devices that is fully compliant with payment card industry data
standards. The SDK promotes a single integration point for the varied channels
that have become such a feature of e-commerce in the mobile technology era,
allowing businesses to pursue best practices efficiency in their transactions
with consumer-facing tech.
Cryptocurrencies have become vital as a means of
transcending the regulatory hurdles of cross-border commerce on a global scale,
and the SDK for IoT includes payment acceptance for the blockchain-powered
ecosystem.
“The Netevia Platform simplifies payments across multiple
channels through a single point of integration,” Chief Technology Officer
Andrey Krotov stated via the news release. “According to Visa, Inc., by 2020
there will be more than 50 billion devices connected to the Internet, providing
a huge opportunity for these devices to include payments experience through
Netevia SDK.”
The company also cites research by Bain & Company
predicting that the global IoT market will more than double its 2017 revenues
to $520 billion by 2021 – only a couple of years away, granting Net Element a
sizable pie from which to grab a piece.
Net Element specializes in software that provides payment
solutions as a service for business enterprises ranging from small to medium in
size. The company’s Aptito tech solution supports point of sale transactions
for restaurants and retailers, while VIP Payments supports the hotel and
tourism industry and Unified Mobile Payments supports businesses on the go,
such as kiosk and truck vendors.
For more information, visit the company’s website at www.NetElement.com
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