Net Element International (Nasdaq: NETE) has purchased payment-processing service Unified Payments for an undisclosed amount.
Miami-based Unified Payments will be operated through a newly formed Net Element subsidiary, Tot Inc.
After the deal closes Net Element plans to deploy Unified Payments’ products in Russia and other emerging markets.
Net Element, headquartered in Miami, is a technology company specializing in mobile payments and electronic commerce.
The deal is the latest in a string of e-payments deals. In March, Spire Payments Holdings acquired Thyron Payments Systems, in October, Ogone bought Tunz.com and in August, Global Payments Inc. (NYSE: GPN) agreed to purchase Accelerated Payment Technologies.