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November 2, 2005

Ensuring a possibility of acceptance of small amounts of money, the CyberPlat® payment system performs an important social task - makes modern high technologies more affordable even for the most low-income groups of population.

The functional capabilities of the electronic payment system facilitate acceptance of the most insignificant amounts of money, which is an important and even simply essential factor for the low-budget cellular communications consumers.

According to the CyberPlat® payment system's statistical data, only 20% of transactions performed through the CyberPlat® payment system exceed 5 US dollars. At that, payments of less than $1 constitute a 14% share, from $1 to $2 - 34 %, $2 to $3 - 2%, and $3 to $5 - 30%. Hence, half of all CyberPlat®'s transactions consists of payments of up to $3, which is equivalent to 80-90 rubles.

By the present moment, due to the operation of the CyberPlat® payment system which performs over 70 million transactions per month, the widest groups of Russia's population have obtained an opportunity to take advantage of mobile communications and the Internet. It is the presence of payment acceptance point chains in numerous regions that made mobile communications and the Internet accessible. The citizens of our country know that it is possible to pay for the mobile telecommunications services practically everywhere - whether it is a communication salon, shop, pharmacy, post office, self-service terminal, supermarket or filling station - and practically instantaneously the subscriber's account will be topped-up.

Via retail outlets, a wide cash payment acceptance network of the CyberPlat® system facilitated the acceptance of very small amounts (beginning from 10 rubles). It is this particular specificity that stipulates the competitive advantage of the cash payment system over scratch cards. The minimum amount for personal account replenishing by means of a scratch card cannot be smaller than 5 US dollars, which approximately equals 140 rubles. Thus, the payment acceptance through the CyberPlat® system can be performed with any amount, which is principally impossible to implement using a scratch card as a payment medium.

As a result, mobile communications have become more affordable for the middle and low-income populations, particularly: pensioners, students and children (since even a minimum amount allows a subscriber to keep connected, send messages and make urgent calls to family members, the rescue service, etc.) Thus, due to the CyberPlat® payment system, an infrastructure for using modern telecommunication technologies has been created and is successfully functioning among the widest groups of population.

"Due to the acceptance of even the smallest amounts for account reloading, our payment system provides additional, and, its own way, socially significant services to mobile phone users, especially to subscribers with the middle and low income levels," Andrey Gribov, General Director of CyberPlat®, comments. "Since several dozen rubles on a subscriber's account allow using all basic mobile telecommunications services."

The development of the infrastructure for payment acceptance via the CyberPlat® payment system promotes the use of mobile communication services by the prevalent majority of our country's population, and tells positively on the development of all Russia's telecommunications industry. The CyberPlat® payment system performs a most important social task - facilitates the availability of safety communication, exclusively important for Russia's low-income citizens.

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