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June 3, 2008

CyberPlat accepts payments in favor of Southern Telecommunications Company (STK) OJSC

One of the largest telecommunication providers for the Southern Federal district has been connected to the CyberPlat payment system.

The CyberPlat company has started to accept payments in favor of Southern Telecommunications Company OJSC (STK). This company is the largest multiproduct multiregional telecommunication operator of the Southern Federal District. STK belongs to the Svyazinvest holding and enters the number of the largest Russia telecom operators.

The customers of STK OJSC now can pay for a broad range of telecommunications services including: local telephony, Internet access, intelligent services, commercial TV, wired radio broadcasting, etc via the CyberPlat payment system. The CyberPlat payment system’s wide network of sale makes payments available through the whole territory of Russia, but, first of all, for STK’s customers in 11 regions where the company renders its services: Rep. Adygheya, Kalmykia, Kabardino-Balkaria, Karachajevo-Cherkesiya, Northern Ossetia, Krasnodarskii and Stavropolskii kray, Astrakhanskaya, Volgogradskaya, Krasnodarskaya, Rostovskaya regions.

The citizens of the Southern Federal District had a chance to pay for the services provided by STK OJSC as easy and simple as the services rendered by other operators of mobile and fixed-line communication, Internet access providers, housing and utilities service companies and providers of many other services. Total number of operators and providers that are the CyberPlat’s partners exceeds three hundred. Moreover, the largest federal and multiregional organizations with big number of customers take the great share of this figure. STK OJSC is one more organization included in this figure.

These days, the CyberPlat company being the leader of the electronic payments market has become the first largest payment system that has provided a chance to accept payments in favor of STK OJSC for its customers and partners.

CyberPlat — all-Russian payment system — has many large regional providers as its partners. STK OJSC is one more link in that chain. Connection of STK OJSC to the CyberPlat payment system is an important step forward for us as now we can facilitate and make it easer for customers to pay for actual and popular telecommunication services”, — the General Director of CYBERPLAT OJSC, Andrey Gribov, stated.

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 CyberPlat®, the universal multibank integrated internet-payment system, is the absolute leader in the payment acceptance market. Currently, the CyberPlat® cash acceptance network consists of over 170 000 points of sale, accepting cash payments for the benefit of leading telecommunication service providers, commercial television and numerous other service providers nation-wide, including Beeline, MTS, Megafon, Tele2, NTV-Plus and many others. The total turnover of the system 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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