Net Element Inc (NETE)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
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Net Element Inc Profile
| Transportation Infrastructure Industry | Industrials Sector | Oleg Firer CEO | NASDAQ (NGS) Exchange | 64111R300 CUSIP |
| US Country | 62 Employees | - Last Dividend | 21 Dec 2023 Last Split | - IPO Date |
Overview
Net Element, Inc. is a prominent player in the field of mobile payments and transactional services, with its headquarters nestled in North Miami Beach, Florida. The company is recognized for its prowess in offering global transaction processing technology along with value-added solutions, catering to a diverse client base. Net Element employs 88 full-time employees and operates through various segments including North America Transaction Solutions, Mobile Solutions, Online Solutions, and Corporate Expenses & Eliminations. It has extended its services to encompass a wide range of payment technologies in several regions, notably in the Russian Federation, Commonwealth of Independent States, Europe, and Asia, through its subsidiaries TOT Group Russia and Net Element Russia.
Products and Services
- North America Transaction Solutions
- Mobile Solutions
- Online Solutions
- Corporate Expenses & Eliminations
This segment offers cutting-edge technology and services essential for businesses to accept cashless transactions in North America. It is tailored to meet the dynamic needs of businesses looking to simplify and secure their transaction processes.
Through TOT Group Russia and Net Element Russia, the company delivers mobile payment transactions services. This includes facilitating payments and transactions over mobile devices, allowing for seamless and secure mobile commerce experiences across the Russian Federation, Commonwealth of Independent States, Europe, and Asia.
Under the Online Solutions segment, Net Element features PayOnline, a secure payment processing system. PayOnline enables merchants to accept bank card payments for goods and services effortlessly, ensuring transactions are processed safely and efficiently, catering to the burgeoning e-commerce sector.
This segment encompasses the internal and operational expenses of Net Element, along with any eliminations required during the consolidation of financial statements. It ensures transparent and accurate financial reporting for the company and its investors.
Contact Information
