Net Element in Deal to Introduce Payment Acceptance Services for ReservHotel

Net Element shares were up more than 3% pre-bell after the provider of global mobile payment technology solutions, said early Friday its subsidiary Unified Payments signed a deal to launch payment acceptance services for ReservHotel, a provider of travel distribution and booking solutions for hotels worldwide.

ReservHotel is a travel distribution and booking solutions company that offers a Global Distribution System, which connects with more than 500,000 travel agencies around the world, according to a statement.

Net Element can provide a “comprehensive solution for our hotel client’s payment needs,” and can “adapt to work with different currencies and countries around the world,” said Luis Barberi, the CEO of ReservHotel.

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