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The result has been a staggering rise in the value of some older payment technology firms but also the emergence of upstart contenders for the payment processing crown. By covering a range of electronic payments, these newcomers can quickly carve out important niches for themselves. For example, Net Element’s mobile payments solution effectively turns mobile phones into point-of-sale devices through Unified mPOS, its Unified Payments subsidiary. The company also covers point-of-sale systems through subsidiaries such as Aptito and Restoactive, online payments through PayOnline, and end-to-end solutions through
The business side of payments isn’t the only piece of the process that has become fractured — the customer base has also been affected. Both individual customers and business customers seek solutions better tailored to their specific needs and desires, and the more agile companies are happy to help.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's
Source: Net Element, Inc.