Net Element’s Unified Payments to Offer Planet Payment’s Multi-Currency Pricing
March 21 2017 - 8:45AM
Net Element, Inc. (NASDAQ:NETE) (“Net Element” or the “Company”), a
provider of global mobile payment technology solutions and
value-added transactional services, today announces that its
Unified Payments subsidiary entered into a partnership with
Planet Payment, Inc. (NASDAQ:PLPM), a leading provider of
international and multi-currency payment processing services, in
which Unified Payments will offer Planet Payment’s Multi-Currency
Pricing to its portfolio of online merchants.
Multi-Currency Pricing enables online merchants
to more effectively expand into foreign markets by allowing their
international customers to view pricing and pay in their own
currency. This capability represents a considerable market
opportunity, as global eCommerce sales are expected to top $27
trillion in 2020, with Asia-Pacific remaining the world’s largest
retail eCommerce market, according to a report from
eMarketer.com.1
“Planet Payment is eager to partner with a
prominent payment services provider like Unified Payments,” said
Chris Greenstein, Director U.S. Sales & Acquirer Relations at
Planet Payment. “As global eCommerce sales continue to rise, we
believe it is imperative for merchants in the U.S. to broaden their
reach. Multi-Currency Pricing allows them to expand in the right
way, by offering customized pricing that international customers
will appreciate.”
Delivered through the convenience of a single
U.S. merchant account, Multi-Currency Pricing lets online merchants
sell in their customers’ currencies while continuing to be paid in
U.S. dollars - without affecting current funding schedules.
Additionally, merchants can price the same item in multiple
currencies, including Euros, Japanese Yen, Mexican Pesos, Euros or
Canadian Dollars, allowing e-tailers to maximize their global
reach.
“We are excited to form this partnership with
Planet Payment to bring our online merchants the ability to price
in multiple currencies and expand their global reach,” commented
Vlad Sadovskiy, president of Unified Payments. “When entering
new markets, it is crucial to cater to your target audience.
Multi-Currency Pricing lets our online merchants do just that, by
providing them with the tools to create an enhanced shopping
experience for their international customers.”
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https://www.emarketer.com/Article/Worldwide-Retail-Ecommerce-Sales-Will-Reach-1915-Trillion-This-Year/1014369
ABOUT PLANET PAYMENT
Planet Payment is a provider of international
payment and transaction processing and multi-currency processing
services. Planet provides its services to approximately
189,000 active merchant locations in 22 countries and territories
across the Asia Pacific region, the Americas, the Middle East,
Africa and Europe, primarily through its acquiring bank and
processor customers, as well as through its own direct sales force.
Planet’s point-of-sale and e-commerce services help merchants sell
more goods and services to consumers, and together with our ATM
services, are integrated within the payment card transaction flow,
enabling our acquiring customers, their merchants and consumers to
shop, pay, transact and reconcile payment transactions in multiple
currencies, geographies and channels
For more information
visit www.planetpayment.com
Planet PaymentContact: Jill
RafteryTelephone: 516.941.1858email: jraftery@PlanetPayment.com
www.PlanetPayment.com
About Net ElementNet 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.
Contact:Net Element,
Inc.media@netelement.com +1 (786) 923-0502
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