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June 19, 2008

Eldorado accepts payments via CyberPlat in the Ukraine

The largest household appliances and electronics retail chain in the Eastern Europe started accepting payments via the CyberPlat system in the territory of the Ukraine.

Co-operation of the CyberPlat payment system and the largest household appliances and electronics retail chain in the Eastern Europe - Eldorado — has expanded. Today payments for the mobile and fixed-line communication, Internet access and other services are accepted in the retailer networks not only in Russia and Kazakhstan (where the network is represented by the local brand name Sulpak) but in the territory on the Ukraine as well.

One can top-up a mobile account in any out of 98 Ukrainian stores Eldorado at any cash register. Any amounts can be accepted starting from 1 hryvna. In order to top up one only needs to give the cashier the corresponding telephone number and deposit the necessary amount. The payer shall be given a fiscal receipt.

Unlike pre-paid cards customary for the Ukrainian citizens making a payment via an Eldorado cash register happens instantaneously and requires from the payer no additional actions.

The CyberPlat payment system ensures operational efficiency and high reliability of topping up the accounts. Besides, unlike pre-paid cards, it does not limit the payer’s capabilities to a certain set of nominal values. This flexibility combined with the developing payment acceptance network is a great convenience for individuals. Eldorado retail chain successfully expands the number of its payment acceptance outlets by means of advantageous location of its stores", stated the heads of the companies participating in the project.

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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®.

Eldorado is the largest household appliances and electronics retail chain in the Eastern Europe. The total turnover of the company in 2007 comprised 6 billion US dollars, which exceeds the indicators in 2006 by 43%.

The Ukrainian representative office of the Eldorado Company was established in 1999. The first store was open in Kiev. Currently, there are 98 Eldorado stores working in 59 cities of the Ukraine. Among them there are 71 Eldorado-owned stores and 27 stores working under franchising agreement. There are more than 3500 employees working in the Ukrainian representation of Eldorado.

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