Net Element Acquires UPS Transactional Services Portfolio

Net Element has acquired certain transactional services portfolio from Universal Payment Systems (UPS). Through its subsidiary, Unified Payments, Net Element has acquired cash flow assets for a total of US$2.7m, which are expected to generate in excess of US$5m in gross profits by 2022.

Net Element operates a payments-as-a-service transactional and value-added services platform for small- to medium-sized enterprises in the US and selected emerging markets.



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