Using proprietary technology structured to transform global commerce, Net Element has amassed a subsidiary portfolio of revenue-generating, top-ranked companies that create a diversified consumer base in emerging countries and contribute to Net Element’s general growth.
From its headquarters in Miami, Net Element owns and operates TOT Group, Inc., a global mobile payments and transaction processing provider. Companies under the TOT Group umbrella include Unified Payments, which was recognized by Inc. Magazine as the No. 1 fastest growing private company in America in 2012, and Aptito, a next-gen cloud-based point of sale payments platform.
Also within this group is mobile billing solutions provider TOT Money, which is ranked as Russia’s top SMS content provider, according to Beeline, the country’s second largest telecommunications operator. TOT Money was reorganized in 2014, and in January 2015 hit a key milestone in exceeding 1 million recurring mobile subscribers.
In support of its overall expansion strategy, Net Element recently entered into a strategic partnership with TAS Group to develop and promote Europay, MasterCard, and Visa chip-enabled solutions, card management systems, and mobile payment technologies in the U.S. and select global markets including Russia, the Middle East, India and Africa.
Utilizing its portfolio of subsidiaries and high-level business relationships, Net Element is gaining traction in the mobile commerce and alternative payments environments. The company has defined several initiatives to continue this momentum, including growing its traditional and mobile technology base, strengthening its balance sheet, and focusing on small to medium enterprise (SME).
For more information, visit www.netelement.com
