Net Element (NETE) Signs Dunkin' Donuts to PayOnline Service in Russia

September 27, 2016 8:49 AM EDT

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Net Element, Inc. (Nasdaq: NETE) announces that its wholly owned PayOnline subsidiary has signed an agreement with Dunkin' Donuts, enabling payment acceptance for online ordering and delivery services in Russia for one of the world's largest coffee and baked goods chains.

Dunkin' Donuts is one of the world's most recognized coffee brands, operating over 11,500 coffee houses in 40 countries and serving more than 3 million customers per day. The company sells 52 varieties of donuts and more than a dozen coffee beverages, as well as an array of bagels, breakfast sandwiches and other baked goods.

In 2010, Dunkin' Donuts successfully entered the Russian market, and within six years opened 33 coffee houses in Moscow. Catering to the busy lifestyle of this demographic, Dunkin' Donuts earlier this year launched online ordering and delivery services on its official site on the Russian Internet.

Under the new agreement, PayOnline will help the brand better serve its growing customer base in the Russian Federation by enabling easy and secure payment acceptance for online ordering and delivery services.

Online payment ordering on the site of Dunkin' Donuts is made possible using "TLS," a secure cryptographic protocol of PayOnline on the hosted payment page. Dunkin' Donuts customers are now able to place orders and make payments conveniently on the go from smartphones or any other device as PayOnline's payment form automatically adopts to any screen size of any device. Customers are able to use all common payment methods including: Russian national payment cards "Mir", Visa, Visa Electron, MasterCard and Maestro.

"In the busy metropolis, devoted admirers of our products do not always have an ability to regularly visit our shops. With PayOnline, we are able to meet the requests of our guests and implement the service of delivery of delicious donuts and organic coffee through online ordering," comments Stanislav Petrushin, a marketing department specialist of Dunkin' Donuts. "Easy ordering and fast delivery required an advanced and absolutely reliable service for online payments. When choosing a payment partner, the determining factors for us were: a favorable cost factor, good image of the partner in the market, and a positive feedback from existing clients. In addition, it is critical for us to provide ease-of-use and loyalty to our clients. As a result, friendly and adaptive payment interface and around-the-clock support for payers finally persuaded us to choose Net Element's PayOnline as our payments partner. We have successfully started cooperation and believe that working with PayOnline will be as enjoyable to us and our clients as eating our wonderful donuts."

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