Actionable news
All posts from Actionable news
Actionable news in NETE: Net Element International, Inc.,

Net Element Enters Kazakhstan's Rapidly Expanding Mobile Marketplace, Executing Mobile Operator Partnership Agreements With Vimpelcom and Kcell to Provide Mobile Payment Services to Millions of Subscribers

MIAMI, FL--(Marketwired - Aug 25, 2015) - Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, is pleased to announce completed partnership agreements with Kcell JSC, and Beeline, a wholly owned subsidiary of VimpelCom, Ltd. These agreements enable Kcell and Beeline to use Net Element's mobile payment platform, TOT Money, to facilitate mobile payments for its subscribers.

Both Kcell and Beeline have leading positions in Kazakhstan. Kcell is ranked the largest mobile operator in the region with 10.76 million customers and Beeline is ranked second with 9.8 million customers.

The launch of TOT Money in Kazakhstan expands on the recent launch of PayOnline's online and mobile in-app payment services in partnership with Kazkommertsbank ("KAZKOM"), the largest private bank in Kazakhstan and one of the largest banks in Central Asia.

"By signing Kcell and Beeline in Kazakhstan, Net Element has solidified partnerships to provide mobile payment services for the largest mobile operators in the region. This is an important part of Net Element's strategy to capitalize on Kazakhstan's booming mobile marketplace and to position TOT Money as a leading mobile payments provider," commented Oleg Firer, CEO of Net Element.

About VimpelCom
OJSC VimpelCom is a subsidiary of VimpelCom Ltd, one of the world's largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom's operations around the globe cover territory with a total population of approximately 782 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada" "Mobilink", "Leo", "banglalink", "Telecel", and "Djezzy" brands. As of June 30, 2012 VimpelCom had 208 million mobile subscribers on a combined...