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PayOnline recognized for payment acceptance services

Tuesday, May 31, 2016 — 12:42:48 (EDT)

Miami, May 31, 2016 - 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 wholly-owned subsidiary, PayOnline was ranked as a top 5 payment acceptance company by independent analytical agency Markswebb Rank & Report (“Markswebb”) in the 2016 Internet Acquiring Rank report. Markswebb ranked internet payment acceptance companies and banks for merchant experience in the selection and use of Internet payment acceptance services, namely: extensive technical integration services to merchant’s sites, an ability to withdraw funds in a single day, comfortable and functional account management and reporting, alternative payment methods and high level of customer support. As noted by Markswebb, none of the merchant acquiring banks made it to the top 10 place. Most banks that provide Internet payment acceptance services do not provide alternative payment methods, only display limited information about their offerings on their sites and have limited online reporting and analytical tools. A web translation of 2016 Internet Acquriting Rank Report is available at tiny.cc/markswebb-ia2016-en . According to Markswebb, over the last month, 80% of Russian Internet users aged 18 to 64 years, or 43.8 million people have made at least one purchase online and this represents a significant opportunity for effective online payment acceptance companies. “We are proud to be recognized in the top 5 for our efficiency and our extensive service offering,” commented Marat Abasaliev, CEO of PayOnline. “We will continue to further improve our team and infrastructure to meet and exceed market expectations” About Markswebb Rank & Report Analytical agency Markswebb Rank & Report specializes in research, auditing and consulting for Internet product development companies. The agency was founded in 2010 and Managing Partners of the agency have extensive experience in Internet marketing and working with the largest Russian Internet companies. One of the basic principles of the agency is the complete independence of the studies and published ratings. Further information is available at markswebb.ru . About Net Element Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the US and selected emerging markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as its cloud based, restaurant point-of-sale solution Aptito. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been recently launched. Further information is available at www.netelement.com .

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Source: Company press release.