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May 21, 2007

CyberPlat® crossing a threshold of 100 million payments per month

Not only the qualitative but quantitative indicators of the CyberPlat® payment system as well testify to the growth of its popularity. On the 18th of March 1998, the CyberPlat® payment system executed the first electronic transaction in Russia; and in April 2007 over 100 million transactions were performed via the processing center of the CyberPlat® Company. This volume of operations, with the officially declared mobile communication penetration rate in Russia of over 100 per cent, means that practically 2/3 of the country’s population prefer using the services of the CyberPlat® payment system, because it is fast, secure, reliable and convenient.

The CyberPlat® Company is currently the country’s largest payment system. This dynamic increase in the number of the operations performed through the CyberPlat® System was incited by its rising popularity among the retail and service chains, accounted for by high operational fail-safety and reliability of the system’s processing center.

The most important distinctive feature of the CyberPlat® payment system is the real time mode of payment execution, which means practically instantaneous account recharge. It is this competitive advantage that is presently in high demand in the market of financial services.

The services of CyberPlat® are demanded by the electronic payment market greatly due to the highest reliability of financial settlements. All user transactions are protected by the electronic digital signature which excludes the slightest possibility of fraud and guarantees the security of settlements.

The circle of partners is constantly widening along with the growth of the number of payment acceptance outlets connected to the system. Currently, over 54 000 trade and service outlets are using the services of the payment system to organize cash payment acceptance in the entire territory of Russia – from Kaliningrad to the Far East. In our turn, we are regularly offering still newer technological solutions and services.

“One hundred million payments in a month is only another landmark in the course of development of the Russian electronic payment market. The number of payments processed by the CyberPlat® system is growing at an accelerating pace, as one hundred million Russians made their choice in favor of our advanced technologies and quality service,” the General Director of the CyberPlat® Company, Andrey Gribov, commented.

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