News from the Wire

PayOnline introduces one-click payment interface

Wednesday, July 27, 2016 — 10:47:36 (EDT)

Miami, July 27, 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 subsidiary, PayOnline, launched a new payment interface which adapts to any device for easy payment acceptance. The new payment interface also enhances the user's experience by providing an easy to use, one-click payment solution. This user-friendly interface demonstrated increased conversion rates of visitors to payments during the two month pilot program. The newly introduced multi-channel payment interface became available to over 10 million online shoppers through more than three thousand international e-commerce merchants.

Supports multiple payment methods including the new "Mir" card

The new payment interface supports the networks of Visa, MasterCard, JCB, American Express, China Union Pay and Diners Club. It also supports payment acceptance from the most popular e-wallets and alternative payment systems in the Russian Federation and Commonwealth of Independent States ("CIS") including QIWI, Webmoney, Yandex Money as well as online payment acceptance for the recently launched Russian National Payment Card System - branded "Mir," which means "peace" or "world" in Russian. PayOnline was one of the first independent payment service providers to support acceptance of "Mir" cards.

Benefits of new payment interface:

• New payment form loads 46% faster than the previous version
• More intuitive interface
• Automatic help feature supports online shoppers throughout the payment experience
• Multilingual interface available in English, Russian, French and German languages

"PayOnline continues its leadership role in payment conversions with the implementation of this new payment interface," commented Marat Abasaliev, CEO of PayOnline. "We continue to innovate and invest in the quality of our products and services, which differentiates us in the markets we serve."

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 .

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.