Over the last decade, technology has dramatically shifted the way business is transacted. Since the advent of smartphones, the entire planet has moved rapidly toward mobile transactions and payments. Projections suggest that, in the United States alone, nearly 70 percent of smartphone users will utilize mobile payments for a broad range of business transactions by the end of 2017. Other areas of the world are moving as fast or faster toward this streamlined system of business transactions.
Net Element (NASDAQ: NETE) has been at the forefront of facilitating this global shift to mobile payments. The company specializes in secure mobile payments and transaction processing through its subsidiary, TOT Group. TOT Group companies include Aptito, TOT Money and Unified Payments, which was named the fastest-growing private company in America in…
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