Net Element, Inc. (NASDAQ: NETE) is growing its sales in the quick-expanding world of cashless transaction processing, which is exhibiting its greatest gains in retail and in the emerging Asian and Latin American markets, according to the World Payments Report 2016 (http://nnw.fm/MY0tu) by Capgemini. Net Element itself showed a 35% revenue increase in FY2016 to $54.3 million versus the same period in 2015. SeeThruEquity (http://nnw.fm/W3Dpi) projects the company’s sales at $62.9 million in FY2017. Zacks Small Cap Research (http://nnw.fm/R3FcB) estimates Net Element’s 2017 sales at $62 million and for 2018 at $73.5 million.
Net Element is a financial technology group that processes global electronic transactions within an omni-channel environment. It processes transactions from mobile devices, points-of-sale and within e-commerce. The company’s performance is segmented into several groups, with the North American segment being its largest by far. In 2016, Net Element recorded a 54% jump in…
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