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February 22, 2011

CyberPlat® payment system will ensure payment acceptance through cashiers at the SMARTS shops

The largest cellular communication provider of the Volga region - SMARTS - and CyberPlat® company announce the selection of the CyberPlat® payment system as the platform for provision of payment acceptance through cashiers at the operator’s retail chain.

The integrated versatile multibanking payment system CyberPlat® will be introduced for cash payments at all 150 outlets of SMARTS. The system ensures instant transfer of subscribers’ funds paid through the cashiers in the subscriber service outlets of SMARTS to the accounts of their mobile phones, as well as payment for the services of fixed-line communication, housing and public utility companies, Internet-providers, hosting, IP-telephony and other services.

CyberPlat® payment system is a long-standing partner of SMARTS and ensures a significant part of incomings of subscriber payments through its payment acceptance network. At the new stage of cooperation, the SMARTS subscriber service outlets, in their turn, become parts of the CyberPlat® payment acceptance system – this will enable to offer new manifold opportunities to the customers of SMARTS, improve the quality of their service, as well as increase the profitability of the SMARTS outlets’ activity.

The list of payment recipients of the CyberPlat® payment system consists of more than 1,500 service providers, including all large cellular and fixed-line communication and cable TV companies, wire-line and mobile Internet, security alarm systems, and housing and public utility and power supply companies of virtually all regions of the Russian Federation. CyberPlat® payment system also enables payment for air and railway tickets, refilling of bank accounts and sending money transfers, including cross-border money transfers.

Our partnership with the largest cellular communication operators is not limited by providing for payment acceptance in their favour – as a rule, the cooperation has a comprehensive and multi-vector character – our experience shows that such a synergy of mutual capabilities benefits both our business and the business of our partners,” — noted Mr. Andrey Gribov, President & CEO, CyberPlat OJSC.

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