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February 18, 2016updated 04 Apr 2017 3:59pm

Net Element enters Azerbaijan’s mobile payments market

Net Element, a provider of mobile payment technology solutions, has launched its mobile payments offering Digital Provider in Azerbaijan.

By Verdict Staff

Net Element, a provider of mobile payment technology solutions, has launched its mobile payments offering Digital Provider in Azerbaijan.

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The full suite of Digital Provider services including direct-carrier billing, one click mobile payments, SMS billing and mobile commerce.

"This new integration allows content providers and aggregators access to all major mobile operators in the country and use Net Element’s Digital Provider mobile payments platform to facilitate payments for its subscribers," Net Element said in a statement.

The company has secured a contract with a national television network, Dunaya (The World) TV, to provide interactive television services such as voting and content monetization using one-click mobile billing.

Digital Provider managing director Mikhail Shabanov said: "We are pleased with our expansion efforts into the growing market of Azerbaijan, where smartphone penetration has reached over 60% and continues to grow."

Net Element CEO Oleg Firer said: "We continue to expand in emerging markets with the strategic aim to be the premier leader in transactional services and mobile payments in these markets.

"PayOnline and Digital Provider have expanded their operations in three countries in the past six months, we continue to look for the opportunities in the emerging countries and maximize capitalization of our existing platform and infrastructure."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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