Net Element, Inc. provides mobile payments and other transactional services. It operates through the following segments: North America Transaction Solutions and International Transaction Solutions. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting. The International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. The company was founded on April 20, 2010 and is headquartered in North Miami Beach, FL.