Relationship with V-Tell Further Solidifies Net Element’s (NASDAQ: NETE) Position as Standout Global PaaS Provider

Net Element (NASDAQ: NETE) yesterday said its PayOnline subsidiary has initiated payment acceptance services for international mobile network operator V-Tell. V-Tell will utilize various payment methods offered through the PayOnline platform, such as recurring billing and one-click payment solutions for V-Tell’s website and for its mobile application. V-Tell will additionally utilize the array of topnotch anti-fraud tools available through PayOnline. This newly forged business relationship with V-Tell is further evidence of Net Element’s prowess in offering a global payment acceptance platform that enables cross-border transactions via a full array of services.

Net Element has become a proven entity within the booming payments-as-a-service market, offering mobile payments and value-added transactional services within the United States and emerging countries. Net Element’s international strategy involves leveraging its omni-channel platform to bring flexible options to emerging markets that have varied banking, regulatory and demographic circumstances.

Working with V-Tell is a prime fit in furthering this aim. V-Tell is an international mobile operator engaged in providing services to customers across the globe. Through one V-Tell SIM card, subscribers can have an almost limitless number of personal phone numbers from any country that are permanently active on a single device. This facilitates unlimited communication, eliminating the borders between continents and countries through a roam-free network and allowing customers to access voice, SMS and Internet service anywhere in the world.

Net Element’s PayOnline subsidiary offers e-commerce, m-commerce and in-app payment services for all types of businesses throughout the world. V-Tell will be utilizing various payment methods through the PayOnline platform, including recurring billing and one-click payment solutions.

In addition to PayOnline, other Net Element companies include TOT Group, Unified Payments, Digital Provider, Aptito and Restoactive. The company’s mobile payments and value-added transactional platforms greatly simplify the lives of mobile phone users, enabling them to complete commerce transactions right on their mobile devices. Net Element’s online and offline payment capabilities further allow merchants to transact business anywhere in the world.

In 2016, South Florida Business Journal named Net Element one of the fastest-growing technology companies in the market, and Inc. Magazine identified Net Element as America’s fastest-growing private company in 2012.

For more information about Net Element, visit the company’s website at www.netelement.com/en.

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