Net Element (NETE) Unit Announces Expansion of Payments Module for E-Commerce and CMS Platforms

September 12, 2016 8:51 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Net Element, Inc. (Nasdaq: NETE) announced that its wholly-owned subsidiary PayOnline has expanded its payments module for electronic commerce and Content Management System ("CMS") to 19 of the most popular platforms including WordPress, Joomla and 1C-Bitrix.

The recently implemented free payment module is now available and can be downloaded from PayOnline's website "Developers" section without registration or additional charges.

Modules for WordPress were created due to the overwhelming number of requests from clients working on this popular CMS and who are seeking to simplify payment acceptance. Free payment modules were developed for the specialized WordPress plugins that are often chosen by the creators of the online shops and online services. These plugins include WordPress eCommerce, QuickShop and WooCommerce.

According to Ruward Research Laboratory's Ruward:Track report, WordPress has been the leading CMS platform in Russian online commerce among both free and paid platforms for four consecutive years. According to a recent survey conducted in June 2016 among 4,901,485 Russian domains, about 23.7% of the sites are run on WordPress, while the share of paid services is approximately 13.2%.

"Each solution contains a simple copy and paste module file and detailed installation instructions, which can be implemented by people not familiar with programming or electronic commerce," commented Maria Goryachev, Director of PayOnline products. "This simple to use integration is especially useful for entrepreneurs who do not have dedicated IT resources to enable monetization of their applications. We strive to make the process of enabling payment acceptance and global commerce as simple as possible. To that effect we believe the introduction of this free payment module has helped us to another step in this direction."

About PayOnline

PayOnline provides flexible high-tech payment solutions to companies doing business on the Internet. They have wide experience in integration and customization of payment solutions for websites and mobile apps. They are able to arrange payments on the website of any commercial organization that increases convenience with highest possible level of successful transactions. Thousands of companies in CIS, Europe and Asia use PayOnline to accept payments online. PayOnline offices are located in Russia and in the Republic of Cyprus. For more information, please visit: www.payonline.ru/en or www.payonline.ru.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Management Comments

Add Your Comment