Net Element, Inc. (NASDAQ: NETE) to Launch Third Party Bank Processing Service in Russia
A partnership with Sputnik Bank in Russia will enable the provision of third party bank processing services to local banks Regulatory approval and completion of the agreement are expected in the final quarter of 2018 Net Element is the only Nasdaq-listed U.S. company that stands to benefit from the Russian electronic payment expansion Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) recently announced a partnership with Sputnik Bank in Russia that’s aimed at offering third party bank processing to other banks in the country. As the October 2 announcement states, Net Element will get 25 percent of…