Net Element Launches Aptito on the World’s First Smart Payment Terminal

MIAMI, FL, Nov. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Net Element, Inc. (NASDAQ: NETE) (“” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, announces the launch of , its comprehensive POS solution on Smart Payment Terminal.

Through this collaboration with Poynt, Net Element moves one step closer to its goal of helping merchants transact seamlessly across multiple touch points. Effective immediately, the Aptito POS application will come bundled in Poynt devices.  The combination of Aptito’s powerful POS application and Poynt’s interactive smart payment terminal offer a robust and flexible state-of-the-art solution to meet the needs of new merchants as well as those transitioning from legacy systems. The  comes packed with multiple features, including:

• Easy setup
• All-in-one platform
• Cloud-based solution
• Real-time reporting
• Smart inventory management
• Offline mode
• Self-order kiosk
• Innovative gift and loyalty program (launched on Poynt in Nov. 2016)

This partnership enhances Aptito’s comprehensive flagship restaurant POS solution by combining the latest technology with a significantly robust software application for restaurants. Existing Poynt clients are now able to download the Aptito application directly via the Poynt terminal without using any additional hardware and follow the configuration wizard to get their business up and running. Similarly, Aptito clients have effortless access to the Poynt terminal, empowering them with greater payment capabilities such as pay-at-the-table and self-ordering payments.

As part of Aptito’s comprehensive POS offering, merchants are able to take advantage of Unified Payments’  cash discount program to eliminate credit card processing fees, as well as other innovative programs helping merchants both reduce their expenses and increase sales. 

“We are excited to continue building our relationship with Poynt bringing merchants a clear competitive edge in the marketplace.  In the coming months Aptito will be available on all variations of Poynt devices including the newest Poynt 5 line,” commented Vlad Sadovskiy, President of integrated payments for Net Element. 

About Net Element

Net Element, Inc. (NASDAQ: ) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise ("SME") in the U.S. and selected emerging markets. In the U.S., the Company aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and , our cloud-based, restaurant and retail point-of-sale solution. 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. Net Element was ranked as one of the fastest growing companies in North America on Deloitte's 2017 Technology Fast 500™.  In 2017 we were recognized by South Florida Business Journal as one of 2016's fastest-growing technology companies. Further information is available at .

Forward-Looking Statements

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. 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 whether the launch of Aptito’s POS solution on Poynt will be garner traction or prove successful for the Company. Additional 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; and (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, 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.