Net Element, Inc., an American mobile payments company, in a recent press release statement on Tuesday, Jan. 22nd 2019, announced the launch of Netevia In-App Payments Software Development Kit (SDK) for IoT devices. The kit is designed to enable application developers and OEMs to integrate a payment processing solution within their consumer applications. The kit, with just a few coding lines, allows developers to quickly and easily build a professional, fully PCI compliant, secure and seamless payments solution for their devices.
With IoT network connectivity many connected devices can be remotely monitored and/or controlled. The IoT tech extends internet connectivity beyond the traditional desktops, laptops, smartphones, and tablets to include a plethora of non-internet devices and sensors, enabling them to communicate and exchange data with other network devices. The IoT market potential is immense, and as per a recent IoT market research by Bain & Company, the global IoT market is estimated to touch $520 billion by 2021 – which is double the 2017 $235 billion figure.
Netevia’s feature-ready multi-channel payments platform, of which the SDK is part of, connects and simplifies payments through a single point integration to improve rather increase the economic efficiency of all payment transactions made within the ecosystem. The key capability of the multi-channel payments platform is, compliance with cryptocurrency, the platform accepts payments in cryptos.