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January 23, 2008

CyberPlat Took Top-1 Position in Terms of the Amounts of Payments Accepted for Beeline

CyberPlat® payment processing system once again confirmed its leadership positions in terms of the amounts of payments accepted from Beeline subscribers. Beeline ranked CyberPlat® payment system as number one in Russia in terms of total amounts of payments accepted from their subscribers in 2007.

The large cash acceptance outlets network is now at service of the subscribers as a result of cooperation between Beeline and CyberPlat® payment processing system. The outlets are the most frequently visited locations — department stores, mobile phone retail stores, post offices, self-service kiosks, drugstores and filling stations. The total number of CyberPlat® payment processing system points of sales makes up 100 000 as of nowadays. A Beeline subscriber may use any of them to top-up their account promptly, conveniently and safely with any amount which is instantly credited to the same.

The partnership between Beeline and CyberPlat® payment processing system initiated back in 1998 keeps gaining momentum and bringing new results. The Beeline subscribers in Russia, Kazakhstan, Ukraine and Uzbekistan have appreciated high level of services provided by CyberPlat® payment processing system and use them actively.

CyberPlat® payment processing system has been taking top-1 positions for the third year in a row in terms of the amounts of payments accepted for Beeline thus confirming its leadership status on the e-payment market. Such a stable and dynamic business growth became possible owing to connecting new trading chains and self-service kiosk networks, dealer companies as well as offices and branches of various banks to CyberPlat® payment processing system.

CyberPlat® payment processing system leading positions are conditioned by permanent improvement in quality of services rendered to the clients. It is noteworthy that mainly large companies have been partners of CyberPlat® payment processing system throughout many years, their turnover keeps growing and they possess high level of technological and corporative culture.

Successful operation of CyberPlat®, the largest payment processing system in Russia, throughout the recent years, has been repeatedly marked with Beeline diplomas and awards. The record-breaking amounts of payments accepted from the subscribers is the most objective indicator of high quality of services provided by our payment processing system” — commented Andrey Gribov, President and CEO, CyberPlat

CYBERPLAT OJSC is the leading Russian Internet company offering its services in the e-commerce segment, including payment processing and secure on-line document interchange. The company’s product is CyberPlat®, the universal multibank integrated internet-payment system — the absolute leader on the payment acceptance market. Currently the CyberPlat® cash acceptance network consists of over 100 000 points of sale, accepting cash payments for the leading telecoms service providers, pay-TV operators and various other service providers nation-wide, including Beeline, MTS, MegaFon, Tele2, NTV-Plus and many others. The payment processing system turnover amounted to 120.7 billion rubles (or 4.74 billion US dollars) in 2007. The CyberPlat® electronic payment processing system is the member of GSM Association. BDO Unicom is the official auditor of CyberPlat.

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