Mobile payment technology company Net Element, Inc. (NASDAQ: NETE) this morning announced that its Unified Payments subsidiary has entered into a strategic partnership with Planet Payment, Inc. (NASDAQ: PLPM), a leading provider of international and multi-currency payment processing services. Through this agreement, Unified Payments will offer Planet Payment’s Multi-Currency Pricing to its portfolio of online merchants, enabling them to more effectively expand into foreign markets by displaying pricing and accepting payments in a variety of local currencies. “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,” Vlad Sadovskiy, president of Unified Payments, stated in the news release. “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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About Net Element
Net 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.
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