Net Element's (NETE) PayOnline Unit Enters Partnership with OOO Bank Round
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Net Element's PayOnline Partners With Round Bank
August 25, 2016 8:45 AM EDTMIAMI, FL -- (Marketwired) -- 08/25/16 -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, today announced that its subsidiary PayOnline, has entered into a transaction processing agreement with OOO Bank Round ("Round Bank"), a Russian Federation licensed commercial bank. The agreement includes transaction clearing, draft capture and settlement of bankcard transactions in the Russian Federation.
"PayOnline holds a leading position in the Russian market," commented Yegor Davydov, Director of Business Development of Round Bank. "We are... More
