MIAMI, FL--(Marketwired - Oct 27, 2016) - Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, today announces that its wholly owned PayOnline subsidiary will lead the futuristic section of the Russian Interactive Week ("RIW") 2016 with a session entitled, "How we will pay in 2020: projections and fantasies."
RIW is the biggest annual event of Russian Internet, combining a multi-threaded conference, media communication forum and many extracurricular activities, awards, presentations and promotions. This year's event is scheduled to be attended by more than 20,000 visitors. RIW 2016 is organized by RUNET Group and will be held at Moscow's Expo Center from November 1-3, 2016, http://riw.moscow.
As an official payment partner of RIW since 2012, PayOnline will open the second day of the conference highlighting expected changes in Russian Internet payments to take place over the next five years. The company will be joined by representatives from MasterCard, MTS, VTB24 Bank and Mail Group who will forecast what's in store for Russia's online payment marketplace and brainstorm about future innovations. Experts will share their views on the development of different areas of the payments ecosystem and together with participating visitors will try to create a common vision on how payments will work in the Russian Internet by the year 2020.
"Payment service providers reside at the intersection of information technology and electronic payments directly interacting with payment systems, banks, IT companies and mobile operators. Taking stock of the payments landscape, we noticed that based on their individual challenges, each of our partners have their own vision of the 'future payments' of Russia; thus was born the idea of bringing together key industry players in the payment sector and try to create a shared vision of our future," says lead panelist and CEO of PayOnline Marat Abasaliev. "This conference unites all relevant representatives of the industry. I am confident the visitors of our session will take an active part in the discussion of the controversial issues to form the basis for further fruitful discussions in the community and find the payment scope of a single development strategy in Russian Internet."
RIW 2016 will be produced by the collection of expert assessments on a number of key issues related to the electronic and physical payments in Russia in a five-year term. The most visionary expert will be awarded by the organizers at RIW 2020. Follow the news of RIW on the official Facebook page of PayOnline.
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, we are growing transactional revenue with innovative services including our cloud based, restaurant 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. Further information is available at www.netelement.com.
This press 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. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, whether Net Element can secure any additional financing and if such additional financing will be adequate to meet the Company's objectives. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: (i) Net Element's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element's ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element's ability to successfully expand in existing markets and enter new markets; (iv) Net Element's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element's business; (viii) changes in government licensing and regulation that may adversely affect Net Element's business; (ix) the risk that changes in consumer behavior could adversely affect Net Element's business; (x) Net Element's ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K and the subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.