News Releases

2022202120202019201820172016201520142013201220112010200920082007200620052004

Back to News List

June 25, 2012

CyberPlat^® Extends Capabilities of Microfinance Institutions

CyberPlat^® payment system and the company Household Money have announced collaboration in the field of microloan repayment.

Microcrediting is becoming an increasingly popular service on the Russian financial market. The company Household Money provides citizens with the ability to quickly obtain loans from 10,000 to 40,000 rubles. At the present time, Household Money covers more than 50 Russian regions.

High-tech solutions of CyberPlat^® payment system expand significantly the customer base of microfinance organizations, optimize their costs and increase their geographic reach and operational efficiency.

Loan repayments are made in accordance with a loan repayment schedule established by Household Money and agreed upon with the borrower, at a time convenient to the borrower directly at his/her home. Household Money’s agent receives cash funds from the borrower and then deposits them to the company’s account via cash desks of retail networks, banking infrastructure and payment terminals connected to CyberPlat^® payment system.

«Currently, the network of the company’s agents numbers over two thousand personal managers across the country. Cooperation with CyberPlat^® will enable to increase the efficiency of our agent network by expanding regional channels of loan repayments,» — says Andrey Bakhvalov, Chief Executive Officer of Household Money.

Microfinancing is one of the fast-growing segments of the consumer lending market. Thanks to CyberPlat^® innovative technologies microfinance institutions have the opportunity to strengthen significantly their presence in the market without investments in the development of payment infrastructure. We are planning to keep on developing our services in this direction by expanding cooperation with the leading pool of microfinance institutions,» — says Vladimir Kuznetsov, Executive Director of CyberPlat^® payment system.

2022202120202019201820172016201520142013201220112010200920082007200620052004