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September 12, 2011

Bank VTB24 connects to the CyberPlat® payment system

Bank VTB24, one of the major players at the Russian market of banking services, has connected to the CyberPlat® payment system. Due to cooperation with CyberPlat® the Bank will be able to expand its retail business providing Russian citizens with extra services for payment acceptance at its offices, via the ATM network and through the Internet-banking system “Telebank”.

Bank VTB24 being a part of the international financial group VTB specializes in servicing natural persons, individual entrepreneurs and small enterprises. The Bank’s network consists of more than 560 offices in 69 regions of the Russian Federation.

Today, the list of the CyberPlat® system’s partners embraces more than 1,500 providers of various services including all major cellular and fixed-line communications companies, cable-TV companies, providers of wire and mobile Internet, security alarm systems, housing and public utility companies, and power supply companies of practically all regions of the Russian Federation. The CyberPlat® payment system also enables to pay for taxes and duties, fines issued by traffic police, airline and railway tickets, refill bank accounts and personal retirement accounts, repay loans and make money transfers including the cross-border ones.

For many years our company has been a reliable partner to the continuously growing number of Russian banks thanks to provision of new possibilities for retail business development. Connection of VTB24 Bank’s ATM network, sales offices and “Telebank” service to the CyberPlat® payment system will allow the Bank’s clients to evaluate new and innovative technologies in the field of electronic payments and financial settlements,” – noted Andrey Gribov, President & CEO, CyberPlat OJSC.

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