Why Net Element (NETE) Stock Is Soaring Today

NEW YORK (TheStreet) -- Shares of Net Element International Inc. (NETE) are rising higher by 52.31% to $3.96 at the start of trading on Wednesday, after the company announced it will integrate Apple (AAP)  services into its point-of-sale payment acceptance hardware and software, "enabling company merchants the ability to accept Apple Pay from customers."

"This new service will create a unique experience for customers who want to pay at the point-of-sale using their Apple iPhone 6, Apple iPhone 6 Plus and Apple Watch devices," Net Element said.

In October, Apple will launch "Apple Pay" which will allow customers to use their iPhone 6 or Apple Watch to make payments by holding the device near a contactless reader, a vibration and a beep will let customers know the payment was completed.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

NETE Chart NETE data by YCharts

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