By Payger Official Blog
New partnership powers global multi-channel crypto currency payments
MUNICH – February 7, 2019– Payger, the new coin-agnostic payment platform for digital assets, and Net Element, a technology driven group specialized on mobile payments and value-added transactional services, today announced a partnership to implement payments with crypto currencies at the Point of Sale.
Payger’s solutions enable online merchants, payment service providers and merchant banks the ability to accelerate processing times, reduce transaction costs, and minimize extensive fraud risks while increasing consumer privacy and data security. Net Element will integrate this technology into its Netevia Payment Gateway, empowering thousands of retailers using the latest mPOS models from Poynt and PAX terminals to accept crypto payments from their customers.
“We are excited to work with Net Element to provide the technical infrastructure needed to process crypto payments. Through this partnership we can now offer Net Element’s mPOS Poynt and PAX terminals to thousands of merchants in Europe and North America and enable them to accept crypto currencies as payments in their stores,” states Christoph Hering, founder and CEO of Payger.
Soon, PAX terminals will also be able to accept multiple crypto currencies, including stablecoins, a hybrid of blockchain and fiat money that hedges against price volatility.
“Combining our terminals with Payger’s technology will enable retailers to accept crypto currencies, and gives them real-time exchange rates to secure the pricing of traders,” states Oleg Firer, executive chairman and CEO of Net Element. “This partnership is an extension of our innovation and complements our broader goal of powering global commerce.”
Payger is a new digital web wallet that combines mobile payments and a social media platform. Based on blockchain technology, the Payger payment platform simplifies management, transfer and trade of 63 currencies like never before. With its 3 main features, Browser Wallet, API and Payment Engine, Payger is easy to handle, fast, and it causes considerably fewer costs. No bank account, no credit card – Payger pays off for individuals and businesses. Find out more at www.payger.com and follow Payger on Medium, Twitter, Facebook and Telegram.
About Net Element
Net Element (NASDAQ: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services. The company owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc. (“TOT Group”). TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Company in America in 2012; Aptito, a next generation cloud-based point of sale payments platform; Restoactive, a seamless digital add-on for legacy POS systems; Digital Provider, a leading provider of SMS messaging and mobile billing solutions; and Payonline, a fully integrated processor agnostic electronic commerce platform. Find out more at www.netelement.com or follow Net Element on Facebook, Twitter and LinkedIn.
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