Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) recently announced significant year-over-year growth in its transaction processing volume (http://ccw.fm/fL3Vk).
Net Element’s transaction processing volumes have increased substantially during the first six months of 2018, as compared with the same period of 2017. The total dollars processed by the company between January and June 2018 increased by 37 percent year-over-year, growing from a transaction volume of $1.18 billion during the first six months of 2017 to $1.62 billion during that same time frame in 2018. Net Element’s North America transaction solutions segment has shown the most growth, increasing from $1 billion in the first six months of 2017 to $1.4 billion in 2018 – an increase of 40 percent. This increase has been led by significant growth from the company’s Unified Payments subsidiary. There was a 20 percent increase in international transaction solutions, as well, which grew from $176 million in the first six months of 2017 to $211 million during the same time period this year.
The total transactions processed by Net Element amounted to 50.2 million during the first six months of 2018, up from 35.7 million during the same period of 2017. This was also primarily due to North America transactions, which increased from 20 million to 28.1 million. Total international transactions solutions processed grew from 15 million in the first six months of 2017 to 21 million during the same period of 2018. These results include a reorganization of the company’s mobile payments segment into its international transactions solutions segments. In all segments, growth has been organic.
Net Element’s impressive and ongoing growth across all segments is being driven by the company’s innovative, customer-focused value-added services and products. The company plans to implement measures to ensure continued results from these growth initiatives well into the future.
Net Element also recently announced that independent equity research firm JGR Capital has distributed a research note on the company (http://ccw.fm/h0g3E). The report highlights developments in Net Element’s Netevia platform and Unified Payments subsidiary; intentions to improve revenue generation by adding a smart solution for secure vendor payments to the Netevia platform; and the intelligent payment solution recently launched by Unified Payments specifically for the multibillion-dollar events industry.
Net Element is a leading global provider of mobile payments and value-added transactional services, delivering market- and industry-specific expertise and solutions and driving growth for its clients by anticipating market changes rather than merely reacting to them. Net Element enables global commerce, focusing on innovative, comprehensive, secure and scalable solutions that allow merchants to streamline their businesses.
At the helm of Net Element is a leadership team composed of industry experts and innovators who each bring a distinctive mixture of vision, leadership, expertise and creative energy to the company.
For more information, visit the company’s website at www.NetElement.com
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