General Information

CyberPlat®, integrated broad-based multibank Internet payment system, is historically the first Russian electronic payment system, established in 1997.

The first online payment was effected on March 18, 1998 for the Garant-Park Company, and the first payment to a cellular communication operator, Beeline, was effected on August 12, 1998. Currently, CyberPlat® has been in operation for over nine years and is the largest, most reliable and well-adjusted payment system in Russia and CIS.

Our unique feature is the capability to provide flexible top-up services, i.e. to process payments for any amounts starting from 0.01 USD up to a ceiling stipulated by law, with the minimum increment of 0.01 USD. Owing to this feature, the Russian mobile network operators added 40% to their subscriber base (around 160 mln., as of June 2007) since the beginning of our operations.

The other important concern of ours is ensuring full compliance with the legislation of our countries of operations. CyberPlat® is the only payment processing system in Russia, holding all the necessary licenses, patents and certificates enabling us providing reliable and transparent services for our partners.

In 2007, the total turnover of the CyberPlat® payment system reached 4 billion 737 million US dollars and exceeded the previous year figure by the factor of 1.8.

Over 100 million payments are effected through the CyberPlat® payment system every month. All payment acceptance transactions are performed in the online mode, using electronic digital signatures of the parties.

At present, the CyberPlat® cash acceptance network comprises over 170 000 outlets, accepting cash payments for the leading operators of mobile and landline communication networks, commercial television and various service providers, including MTS, Beeline, MegaFon, TELE2 and many others in Russia, Kazakhstan, Ukraine, Uzbekistan and Germany.

CyberPlat® payment system is a member of the GSM World Association.

The Company considers the following as its main short-term targets:

• maintaining the dominance of the CyberPlat® payment system in the Russian and CIS markets;
• further development of the System as an independent multibank payment system of transnational scale;
• developing partnerships with organizations and companies conducive to the promotion of the electronic trade infrastructure on the global scale;
• strengthening the CyberPlat® trade mark as a leading brand in the real-time e-payment segment.