Dallas, Texas 07/23/2014 (FINANCIALSTRENDS) – Net Element International Inc (NASDAQ:NETE) the technology player proved to be a handful on the stock market with prices surging past its normal ranks, thanks to recent cover by research firm, See Thru Equity. The coverage led to the stock surging to prices as high as $3.27 per share.
An announcement by the research firm noted that, “We are excited about NETE’s growth potential over the next 2-3 years. As merchants and consumers continue to shift to a cashless environment, we see NETE as an emerging leader in mobile payments, value-added services and technologies.”
The company has also noted some fast-track movement based on other factors as well. This includes the new appointment to the Board of Directors. William Healy has been named as a member of Audit, Compensation Committee, besides others such as Nominating as well as Corporate Governance Committees.
Net Element International Inc (NASDAQ:NETE) which is a specialty technology player with a predominant presence in mobile commerce also has products for payment processing as well. The company current provides services for businesses engaged in online sales and using payment structures.
E commerce platform growth has set the expectations for more diversified services to be offered on this platform. This has led to the start of several companies offering products and services which will optimize the user experience as well as ensure maximum security features for making online payments or placing of orders and its processing.
Net Element International Inc (NASDAQ:NETE) has already made inroads into the nascent sector of online payment. As the need for secured online transaction processing grows into an industry status, NETE is definitely poised for global growth. It already serves major names in the e-commerce space for businesses located in the US as well as Russia besides its neighbors.