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June 10, 2009
CyberPlat® payment system will ensure payment acceptance through the cash desks of MTS brand stores.Moscow, Russian Federation – Mobile TeleSystems OJSC (NYSE: MBT), the largest mobile network operator in Russia and the CIS, and the CyberPlat® payment system announce CyberPlat® as the platform for payment acceptance at the cash desks of the MTS retail chain.
The integrated universal multibanking payment system CyberPlat® will be implemented for cash settlements in all brand stores of the MTS retail chain. The system ensures instantaneous transfer of funds received from subscribers at the cash desks of MTS brand stores to their mobile phone accounts, as well as transfer of payments for fixed-line telephony, utility services, Internet, hosting, IP-telephony and other services.
We carry out a methodical work on integration of retail assets of MTS, creation of a uniform information environment and increase of efficiency of each process in our retail chain. Engaging a single payment maintenance partner will enable the company to raise the payment acceptance efficiency and ensure the high-quality of service in each MTS brand store”, - General Director of the operating company for the MTS retail chain “Russian telephone company”, Sergei Rumyantsev stated.
The high quality of service, perfect technology, rapid and secure service of the CyberPlat® payment system provide cellular retail clients of MTS with the best service offer on transfer of payments”, - the Executive Director of CyberPlat®, Vladimir Kuznetsov pointed out.
Mobile TeleSystems OJSC (MTS) is the largest mobile network operator in Russia and the CIS. The consolidated subscriber base of the company comprises 93.03 million subscribers. The population of 82 regions in Russia, as well as in Armenia, Belarus, Ukraine, Uzbekistan, and Turkmenistan, where MTS and its subsidiaries have licenses for providing GSM standard services comprises more than 230 million. MTS has been listed on the New York Stock Exchange since June 2000 and trades under the ticker MBT. The strength of the brand was recognized internationally in 2008, when MTS became the first and only Russian company to enter BRANDZTM Top 100 Most Powerful Brands, a ranking published by the Financial Times and Millward Brown, a leading global market research and consulting firm. More information about the company can be found at www.mts.ru
Russian Telephone Company CJSC (RTC) was established at the end of 2001. It is 100% owned by Mobile TeleSystems OJSC (MTS) and carries out the retail business management for MTS. RTC manages more than 2,500 of MTS mono-brand retail stores, including the chain TS Retail, and the recently acquired sales outlets of Telefon.ru and Eldorado, as well as franchising partner shops. The number of locations is planned to increase up to 3,000 by the end of 2009.
CYBERPLAT OJSC is the leading Russian Internet company offering its services in the e-commerce segment, including payment processing and secure online document interchange. The company’s product CyberPlat®, the universal multibanking integrated internet-payment system, is the leader in the payment acceptance market. Currently, the CyberPlat® cash acceptance network consists of more than 400,000 outlets around the world accepting cash payments for the benefit of the leading telecommunication service providers, commercial television and numerous service providers, including Beeline, MTS, MegaFon, Tele2, NTV-Plus and many others. The CyberPlat electronic payment processing system is the member of the GSM World Association and Russian Infocommunication Union. The total turnover of the system comprised 6.5 billion US dollars in 2008. BDO Unicon is the official auditor of CyberPlat®.
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