The smartphone has become the computer we carry with us everywhere, and it has changed the way the world transacts business. Smartphones are now powerful mini-computers, personal assistants, and mobile shopping carts. From the advent of the smartphone 10 years ago, there are now an estimated 4.8 billion users globally. In just over a decade, these ubiquitous devices have created transformational business opportunities. The mobile payments industry is flourishing from this growth.
By 2014, 14 percent of all mobile users in the U.S. had made a mobile payment, and a year later it was 39 percent. Some estimates suggest that over 60 percent of U.S. mobile users will utilize mobile payments by the end of this year. Globally, the growth numbers are even more impressive. The mobile payments industry is profiting as it meets the surging demands of users.
Even before 2012, when Net Element’s (NASDAQ: NETE) subsidiary was recognized as one of the fastest growing companies in America, the company was at the vanguard of global mobile payment solutions. Net Element enables global commerce by providing merchants electronic payment solutions to process transactions through the company’s various integrated platforms. The company owns and operates TOT Group, a global mobile payments processing provider, and Aptito, a cloud-based point of sale payments platform. The company also owns and operates one of the leading providers of SMS messaging and mobile billing solutions, Digital Provider, and a fully-integrated electronic commerce platform, PayOnline.
Net Element has established partnerships with American Express, MasterCard, Discover, Visa, and other international financial institutions to meet the expansive needs of a global customer base. The company has continued to enjoy success and was recently recognized as one of the Top 25 Fastest-Growing Technology Companies by the South Florida Business Journal in 2016.
Technology has dramatically altered the way we transact business over the last 10 years. The planet is moving to mobile payments, and Net Element offers a way to profit from this transition.
For more information, visit www.NetElement.com
