Net Element (NASDAQ: NETE) Poised to Support Mobile Payment Growth in the US and Beyond
Technology now allows consumers to make instant purchases, even if they don’t have cash or cards on hand. Net Element (NASDAQ: NETE), a specialist in mobile payment technology, is seeing cashless transactions increase nationwide and globally. North American transactions revenue increased 54 percent from 2015 to 2016, reaching over $42 million. The growth of bankcard regional volume here doesn’t even come close to regions such as the emerging Asian market. According to the World Payments Report 2015, this sector grew 21.6 percent in Asia and 8.6 percent in South America. Still, according to a recent press release (http://nnw.fm/b3Luw), Net Element's…