Net Element International and Pay.On have partnered to launch TOT Platform, a value-added transactional services platform, in Russia.
Net Element, which has US head office in Miami, Florida and international headquarters in Moscow, describes TOT Platform as a high-performance transaction processing platform that complies with security standards and requirements applicable to the international payments market.
As the first offering of its kind in the region it will allow Net Element’s subsidiary, TOT Group – which has launched a suite of value-added, innovative technologies and services in emerging markets – to offer its client-base innovative solutions in mobile payments and transactional services.
“We are delighted to be furthering our partnership with TOT Group and specifically the TOT Platform suite of products,” said Markus Rinderer, chief executive officer (CEO) of Pay.On.
“PAY.ON’s multichannel payment infrastructure will provide TOT Group with the scalable platform to further develop and introduce innovative, value-added solutions to its clients.”
While Russia is the first region to be activated, this same solution will be deployed across the worldwide emerging market regions supported by Pay.On’s infrastructure. Pay.On’s systems will be combined with TOT Group’s industry-specific set of solutions including Aptito, Net Element’s next generation, cloud-based point-of-sale (POS) payments solution.
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