PayOnline launches new mobile payments solution for iOS

PayOnline, a pending subsidiary of Net Element, has launched a new mobile payments solution for iOS (iPhone or iPad) mobile apps.

PayOnline launches new mobile payments solution for iOS

The new software developer kit (SDK) allows integration of PayOnline transaction processing into iPad and iPhone apps, Net Element said.

PayOnline general director Marat Abasaliev said: “Our Pay-Mobile solution combines cutting edge mobile payments innovation with stability and security, baseline components of all PayOnline products.”

According to PayOnline, 19% of its online payments processed in the first quarter were through mobile, a rise of 157% year-over-year, with 59% of those being iOS (iPhone, iPad).

Net Element has recently executed a definitive documentation to purchase PayOnline, an online payment provider in Russia, for a total consideration of up to $8.4m.