MIAMI, FL--(NewMediaWire - Sep 12, 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
wholly-owned subsidiary PayOnline has expanded its payments module
for electronic commerce and Content Management System ("CMS") to 19
of the most popular platforms including WordPress, Joomla and
1C-Bitrix.
The recently implemented free payment module is now
available and can be downloaded from PayOnline's website "Developers" section without registration or
additional charges.
Modules for WordPress were created due to the overwhelming
number of requests from clients working on this popular CMS and who
are seeking to simplify payment acceptance. Free payment modules
were developed for the specialized WordPress plugins that are often
chosen by the creators of the online shops and online services.
These plugins include WordPress eCommerce, QuickShop and
WooCommerce.
According to Ruward Research Laboratory's Ruward:Track report, WordPress has been the
leading CMS platform in Russian online commerce among both free and
paid platforms for four consecutive years. According to a recent
survey conducted in June 2016 among 4,901,485 Russian domains,
about 23.7% of the sites are run on WordPress, while the share of
paid services is approximately 13.2%.
"Each solution contains a simple copy and paste module file and
detailed installation instructions, which can be implemented by
people not familiar with programming or electronic commerce,"
commented Maria Goryachev, Director of PayOnline products. "This
simple to use integration is especially useful for entrepreneurs
who do not have dedicated IT resources to enable monetization
of their applications. We strive to make the process of
enabling payment acceptance and global commerce as simple as
possible. To that effect we believe the introduction of this free
payment module has helped us to another step in this
direction."
About PayOnline
PayOnline provides flexible high-tech payment solutions to
companies doing business on the Internet. They have wide experience
in integration and customization of payment solutions for websites
and mobile apps. They are able to arrange payments on the website
of any commercial organization that increases convenience with
highest possible level of successful transactions. Thousands of
companies in CIS, Europe and Asia use PayOnline to accept payments
online. PayOnline offices are located in Russia and in the Republic
of Cyprus. For more information, please visit: www.payonline.ru/en or www.payonline.ru.
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 newly expanded payments module will be
widely adopted or result in additional business for the Company,
whether Net Element can secure any additional financing and if such
additional financing will be adequate to meet the Company's
objectives. 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) 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.