Net Element’s Recent Acquisition Ranked by Nilson Report as a Top Merchant Acquirer in the U.S. for 2012

  Net Element’s Recent Acquisition Ranked by Nilson Report as a Top Merchant
  Acquirer in the U.S. for 2012

      Unified Payments Jumps Ten Spots in Nilson Report’s Annual Rating

Business Wire

MIAMI -- May 10, 2013

Net Element International (NASDAQ: NETE), a technology-driven group
specializing in electronic commerce and mobile payment processing is pleased
to announce that The Nilson Report has recently ranked Unified Payments as one
of the Top Merchant Acquirers in the United States. Unified Payments continues
its ascent by rising ten slots to the ranking of #53 in the most recent filing
of The Nilson Report. The Nilson list represents 94 top merchant acquirers in
the United States and includes companies such as Bank of America, First Data,
Chase Paymentech Solutions, and many other reputed companies.

Unified Payments, which was recognized by Inc. Magazine as the fastest-growing
private company in America in 2012, is a socially responsible leading provider
of turnkey transaction processing services and payment-enabling technologies
to small, medium, and large merchants across the United States. By utilizing
the products and services offered by Unified Payments, merchants are able to
accept traditional card present, mobile payments, card-not present payments,
and other forms of cashless payments such as prepaid cards, stored-value
cards, gift cards and closed loop network payments. Unified Payments,
headquartered in Miami, utilizes a network of independent sales organizations
and independent sales people, value-added resellers, associations and affinity
partners coast to coast.

“We are excited to appear on the Nilson Report’s list of Top U.S. Acquirers
and we are pleased with our dramatic jump in the rankings,” said Oleg Firer,
CEO of Net Element, the parent company of Unified Payments. Adding, “We’re
honored to be listed alongside high profile companies that are considered to
be industry giants.”

Unified Payments anticipated the rise of consumer demand for the convenience
of cashless transactions. By executing a series of strategic acquisitions and
implementing creative sales plans it was able to exponentially grow its
revenue base. At the same time it secured a leadership position in the
industry by pursuing technological innovation including offering proprietary
point of sale terminals that have state of the art technology -- ultimately
simplifying operations for merchants and lowering processing fees.

About The Nilson Report

The Nilson Report is a highly respected source of global news and analysis
covering the credit, debit and prepaid card industries. The subscription
newsletter provides in-depth rankings and statistics on the current status of
the industry, as well as company, personnel, and product updates. David
Robertson, Publisher of the Nilson Report, is a recognized expert in the field
and is a frequent speaker at industry conferences. Over 18,000 readers in 90
countries worldwide value The Nilson Report to track industry trends and
market information. More information is available at www.nilsonreport.com.

About Net Element International (NASDAQ: NETE)

Net Element International (NASDAQ: NETE) is a global technology-driven group
specializing in electronic commerce, mobile payments and transactional
services. The company owns and operates a global mobile payments and
transaction processing provider, TOT Group, as well as several popular content
monetization verticals. Together with its subsidiaries, Net Element
International enables ecommerce and content-management companies to monetize
their assets in ecommerce and mobile commerce environments. Its global
development centers and high-level business relationships in the United
States, Russia and Commonwealth of Independent States strategically position
the company for continued growth. The company has U.S. headquarters in Miami
and international headquarters in Moscow. More information is available at
www.netelement.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Any statements contained in this
press release that are not statements of historical fact may be deemed
forward-looking statements. Words such as “continue,” “will,” “may,” “could,”
“should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,”
“estimate,” “predict,” “potential,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking statements
include, without limitation, whether Net Element International or its business
continues to grow. All forward-looking statements involve significant risks
and uncertainties that could cause actual results to differ materially from
those expressed or implied in the forward-looking statements, many of which
are generally outside the control of Net Element International and are
difficult to predict. Examples of such risks and uncertainties include, but
are not limited to: (i) Net Element International’s ability (or inability) to
obtain additional financing in sufficient amounts or on acceptable terms when
needed; (ii) Net Element International’s ability to maintain existing, and
secure additional, contracts with users of its payment processing services;
(iii) Net Element International’s ability to successfully expand in existing
markets and enter new markets; (iv) Net Element International’s ability to
successfully manage and integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs and actual
or contingent liabilities; (vi) the ability to attract and retain qualified
employees and key personnel; (vii) adverse effects of increased competition on
Net Element International’s business; (viii) changes in government licensing
and regulation that may adversely affect Net Element International’s business;
(ix) the risk that changes in consumer behavior could adversely affect Net
Element International’s business; (x) Net Element International’s ability to
protect its intellectual property; and (xi) local, industry and general
business and economic conditions. Additional factors that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements can be found in the most recent annual report on
Form 10-K and the subsequently filed quarterly reports on Form 10-Q and
current reports on Form 8-K filed by Net Element International with the
Securities and Exchange Commission. Net Element International anticipates that
subsequent events and developments may cause its plans, intentions and
expectations to change. Net Element International assumes no obligation, and
it specifically disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by law.

Contact:

Net Element
Dan Bruck, 305-507-8808
dbruck@netelement.com
www.netelement.com