Net Element Provides Update on Performance of its International Transaction Solutions Segment
Net Element, Inc. (NETE)
Last net element, inc. earnings: 11/14 08:30 am
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Source: GlobeNewswire
International Transaction Solutions segment shows significant improvement going into the second half of 2019: Revenues for the third quarter are projected to increase by 40% over the second quarter MIAMI, Aug. 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (POS), e-commerce and mobile devices, today announces that its International Transaction Solutions segment has shown material improvement going into the second half of 2019. Total transaction processing volume is projected to exceed $130 million and revenues are projected to increase by approximately 40% over the second quarter. The dollar volume of transactions processed has shown continued improvement due to the boarding of a large merchant account in the beginning of the year. The integration was completed d
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