NEW YORK, July 6, 2015 /PRNewswire/ -- S&P Capital IQ (MHFI) announced today that it has commenced Factual Stock Report coverage on Net Element Inc.
Net Element, Inc. (NETE) is a global technology-driven company specializing in mobile payments and value-added transactional services. It provides services in emerging countries, including the Russian Federation and the Commonwealth of Independent States, as well as the United States.
The company owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc. TOT Group companies include Unified Payments, Aptito, a next generation cloud-based point-of-sale (POS) payments platform, and TOT Money, a provider of SMS messaging and mobile billing solutions.
TOT Group offers end-to-end payment solutions to enable commerce around the world with a focus on emerging markets. TOT Payments, which markets its services in the United States under the brand Unified Payments, is the company's transactional processing group for small and medium-sized businesses, providing technology and services that businesses require to accept cashless transactions. TOT Payments processes cashless transactions for card-present (or "swipe") or card-not-present transactions, including POS, mobile POS (mPOS), EMV, near field communication, Apple Pay, Internet businesses, service-oriented businesses and mail order/telephone order merchants. TOT Payments also processes other cashless transactions including checks and direct debits. TOT Payments services include merchant performance analytics and merchant back office reporting. TOT Payments services are distributed in most part through independent sales groups, value-added resellers, system integrators and affinity partners.
Aptito, an all-in-one digital solution for the food and beverage industry, helps restauranteurs to interact with customers and remotely manage operations. The cloud-based Software-as-a-Service (SaaS) restaurant management solution provides integrated functionality to drive consumer engagement via Apple iPad-based POS, kiosk and all other cloud-connected devices. Aptito's Restaurant mPOS solution provides restaurants with tools designed to increase sales, productivity and customer loyalty. Aptito's suite of integrated tools enables inventory management, complete payroll, staff scheduling, patron reservations and digital menus.
TOT Money, the company's proprietary mobile payments and commerce platform, provides carrier-integrated mobile payments solutions, mobile campaign management and distribution. The TOT Money mobile platform provides carrier billing checkout and offers various mobile payment solutions for web services and mobile applications. Net Element provides mobile payment solutions to help digital merchants, such as social networks, games, online magazines and digital media, monetize their mobile clients and the subscription base.
Net Element believes that it provides users with a simple, secure and fast way to pay for purchases via mobile without a credit card or a bank account. Its mobile campaign tools allow for the delivery of scalable mobile campaigns on behalf of content partners. TOT Money's relationships and integration with mobile operators gives Net Element substantial geographic coverage and the ability to offer its clients In-App payments, wireless access protocol (WAP) click, premium short message services (P-SMS), online and carrier billing.
The company enables mobile payment processing services for more than 390 million mobile users in Russia through strategic direct agreements and integrations with leading mobile operators such as Mobile TeleSystem, MegaFon and VimpelCom, Ltd. In January 2015, Net Element reached a company milestone by exceeding 1 million recurring mobile payment subscribers. As of December 31, 2014, Net Element's mobile payments subscriber base consisted of 941,668 recurring mobile payments subscribers.
On May 27, 2015, Net Element announced the execution of definitive documentation to acquire PayOnline, an online payments company, for up to $8.4 million in total consideration. PayOnline processes online payments for over 10 million active consumers and thousands of merchants in the Russian Federation, Europe and Asia.
On June 4, 2015, Net Element launched its online payments processing business in Kazakhstan by securing a contract with Kassir.com, the country's largest online events ticketing website and second largest online merchant serving the Kazakhstan market.
In June 2015, NETE announced it has secured a contract in Kazakhstan, with the country's largest bank.
S&P Capital IQ's Factual Stock Report coverage on Net Element Inc. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit http://www.netelement.com/ for additional information.
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