TAS Group and Net Element, Inc. have entered into a strategic partnership to develop and promote Europay, MasterCard, and Visa (EMV) chip-enabled solutions, card management systems, and mobile payment technologies in the US and various global markets. TAS Group will license its proprietary technology to Net Element and promote and resell Net Element payment and mobile services to existing clients and potential partners. The joint effort is global in scope and adaptable to the unique needs of regions in varying stages of EMV migration.

TAS Group and Net Element will jointly promote TAS Campus, an EMV-ready prepaid system, directly to educational institutions, creating a powerful multi-application payment solution for students and faculty with an end-to-end closed and open loop life cycle Card Management System. Net Element will gain the ability to instantly issue EMV secure, prepaid and specialty gift cards for exclusive use by participating merchants of Net Element's Aptito all-in-one digital Point of Sale solution. The partnership will create the Unified Duex Card, an open loop physical and virtual card that allows remittance and complete account management between the US and Latin America.

It will be EMV enabled with full functionality in life cycle management and with spending control by a single cardholder for both physical and virtually issued payment cards. In Russia, CIS, Middle East, India and Africa, TAS Group and Net Element will collaborate through local presence to deliver payment, capital and financial markets management solutions to local financial institutions and processors.