MIAMI, FL--(NewMediaWire- Feb 21, 2017) - Net
Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a
provider of global mobile payment technology solutions and
value-added transactional services, announces today that Digital
Provider will introduce its new partnership program aimed at
content providers, mobile network operators and mobile application
developers during GSMA Mobile World Congress 2017 in
Barcelona, Spain, taking place February 27 - March 2, 2017.
Organized by the GSMA, Mobile World Congress ("MWC") is the
world's largest gathering for the mobile industry, aptly held in
the Mobile World Capital, Barcelona. MWC is a B2B event for anyone
and everyone in mobile, as well as those in adjacent industries who
want to discover how mobile technology can benefit their
industries.
The event will allow Digital Provider to meet face-to-face with
its existing partners, and also provides the opportunity to start
dialogues with new Mobile Network Operators ("MNOs") and potential
clients.
Digital Provider's current network covers MNOs in The Russian
Federation, Kazakhstan, Azerbaijan, Poland and Turkey. With the
goal to extend coverage to over fifteen new markets by the end of
2017, Digital Provider is in the constant search of new partners in
selected emerging markets.
Over one-hundred content providers and mobile application
developers in Digital Provider's current network are able to
increase their conversion and sales volumes by tapping into the
full power of mobile commerce. Additionally, they provide their
customers the ability to use their mobile devices as a form of
payment for on-demand and subscription-based services using the
one-click payments module over a data connection. This capability
is part of Digital Provider's proprietary Trinity Platform that
allows Digital Provider to bill mobile network operators on behalf
of mobile users. Payments are processed without any additional
information from the mobile user, which provides a significant
conversion improvement compared to other payment methods.
"This year's Mobile World Congress slogan, The Next Element,
aligns perfectly with Net Element," comments Mikhail Shabanov,
General Director of Digital Provider. "We are excited by our
international development, and have made considerable strides with
our proprietary platform and a pool of partners that position us to
expand into new territories and create a truly global player in the
direct carrier billing market."
Interested parties are encouraged to schedule an appointment
with Digital Provider's team during the conference. For more
information, email Konstantin Zaripov, Net Element's Head of
Emerging Markets at: kzaripov@netelement.com.
About GSMA
The GSMA represents the interests of mobile operators worldwide,
uniting nearly 800 operators with almost 300 companies in the
broader mobile ecosystem, including handset and device makers,
software companies, equipment providers and internet companies, as
well as organizations in adjacent industry sectors. The GSMA also
produces industry-leading events such as Mobile World Congress,
Mobile World Congress Shanghai, Mobile World Congress Americas and
the Mobile 360 Series conferences. For more information about GSMA,
visit www.gsma.com. For more information about Mobile
World Congress, visit www.mobileworldcongress.com.
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 and
retail 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. Net Element was named in 2016 by South Florida
Business Journal as one of the fastest growing technology
companies. Further information is available at www.netelement.com.
Forward-Looking Statements
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. 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 whether
the Company will achieve its goal to extend coverage to more new
territories by the end of 2017. Additional examples of such risks
and uncertainties are: (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, 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.