MIAMI, FL--(NewMediaWire - Jul 27, 2016) - Net Element,
Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a
provider of global mobile payment technology solutions and
value-added transactional services, today announced that its
subsidiary, PayOnline, launched a new payment interface which
adapts to any device for easy payment acceptance. The new payment
interface also enhances the user's experience by providing an easy
to use, one-click payment solution. This user-friendly interface
demonstrated increased conversion rates of visitors to payments
during the two month pilot program. The newly introduced
multi-channel payment interface became available to over 10 million
online shoppers through more than three thousand international
e-commerce merchants.
Supports multiple payment methods including the new
"Mir" card
The new payment interface supports the networks of Visa,
MasterCard, JCB, American Express, China Union Pay and Diners Club.
It also supports payment acceptance from the most popular e-wallets
and alternative payment systems in the Russian Federation and
Commonwealth of Independent States ("CIS") including QIWI,
Webmoney, Yandex Money as well as online payment acceptance for the
recently launched Russian National Payment Card System - branded
"Mir," which means "peace" or "world" in Russian. PayOnline was one
of the first independent payment service providers to support
acceptance of "Mir" cards.
Benefits of new payment interface:
- New payment form loads 46% faster than the previous
version
More intuitive interface
Automatic help feature supports online shoppers throughout the
payment experience
Multilingual interface available in English, Russian, French
and German languages
"PayOnline continues its leadership role in payment conversions
with the implementation of this new payment interface," commented
Marat Abasaliev, CEO of PayOnline. "We continue to innovate and
invest in the quality of our products and services, which
differentiates us in the markets we serve."
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 US and selected emerging markets. In the
US it aims to grow transactional revenue by innovating SME
productivity services such as its cloud based, restaurant
point-of-sale solution Aptito. 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 such as UAE, Kazakhstan,
Kyrgyzstan and Azerbaijan where initiatives have been recently
launched. Further information is available at www.netelement.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Any statements contained in this press release that are not
statements of historical fact may be deemed forward-looking
statements. Words such as "continue," "will," "may," "could,"
"should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, whether the new payment interface will increases the
conversion of visitors to pay ratio, whether Net Element can secure
any additional financing and if such additional financing will be
adequate to meet the Company's objectives and whether the
transaction will add to the growth of the Company's business and
increase the Company's market share internationally. All
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements,
many of which are generally outside the control of Net Element and
are difficult to predict. Examples of such risks and uncertainties
include, but are not limited to: (i) Net Element's ability (or
inability) to obtain additional financing in sufficient amounts or
on acceptable terms when needed; (ii) Net Element's ability to
maintain existing, and secure additional, contracts with users of
its payment processing services; (iii) Net Element's ability to
successfully expand in existing markets and enter new markets; (iv)
Net Element's ability to successfully manage and integrate any
acquisitions of businesses, solutions or technologies; (v)
unanticipated operating costs, transaction costs and actual or
contingent liabilities; (vi) the ability to attract and retain
qualified employees and key personnel; (vii) adverse effects of
increased competition on Net Element's business; (viii) changes in
government licensing and regulation that may adversely affect Net
Element's business; (ix) the risk that changes in consumer behavior
could adversely affect Net Element's business; (x) Net Element's
ability to protect its intellectual property; (xi) local, industry
and general business and economic conditions; (xii) the Company's
issuances of the Company's common stock from time to time in
exchange for retiring the Company's debt may cause substantial
dilution to our existing stockholders and the sale of the shares of
our common stock acquired by Crede in exchange for our debt could
cause the price of our common stock to decline; (xiii) adverse
effects of potentially deteriorating U.S.-Russia relations,
including, without limitation, over a conflict related to Ukraine,
including a risk of further U.S. government sanctions or other
legal restrictions on U.S. businesses doing business in Russia.
Additional factors that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements can be found in the most recent annual report on Form
10-K and the subsequently filed quarterly reports on Form 10-Q and
current reports on Form 8-K filed by Net Element with the
Securities and Exchange Commission. Net Element anticipates that
subsequent events and developments may cause its plans, intentions
and expectations to change. Net Element assumes no obligation, and
it specifically disclaims any intention or obligation, to update
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by law.