CyberPlat: 10 Years to the Market of Electronic Payments in Russia

On the 12th of August, the better in Russia and CIS countries cyberbanking transaction arrangement CyberPlat accomplished its aboriginal transaction which replenished an anniversary of a subscriber to the better adaptable arrangement abettor Beeline online. On that date, there began a activating development of cyberbanking business in Russia. This business grew into a cogent banal bazaar with a multibillion about-face for ten years. It gives jobs to tens of bags of Russians and affects the activity of the accomplished country’s population.

Today, it is not alone the Internet and case agenda payments which are acclimated in the cyberbanking commerce. The capital banking flows are calm in banknote through the widest and fast growing arrangement of retail transaction accepting outlets and self-service terminals. The accepted amount of the CyberPlat arrangement transaction accepting outlets comprised over 150,000 points, and including the sub-dealer outlets – about 200,000 points, by the alpha of August, 2008.

Created by the CyberPlat system, a well-developed transaction basement provided for the majority of citizenry in Russia, Kazakhstan, the Ukraine and Uzbekistan an befalling to pay for the telecommunication services, apartment and accessible utilities, bartering television, aegis all-overs systems, air-tickets, etc. in a fast and safe way. This gave Russians and citizens of a amount of CIS countries an befalling to pay for abundant casework calmly and comfortably. After all, the transaction accepting outlets are amid about everywhere – in specialized retail and terminal networks, ample and baby stores, column offices, telecommunication shops, chemist’s shops and gas stations.

For all 10 years of plan in the cyberbanking payments market, the CyberPlat Company has been assuming a activating and abiding advance of the capital indicators of its action – the amount of transactions, the about-face and the amount of transaction accepting outlets. In the accumulated of these indicators, CyberPlat ® is the absolute baton in the transaction accepting bazaar in Russia and CIS counties.

For ten years of application the CyberPlat transaction arrangement – due to accumulation of a ample transaction accepting network, as able-bodied as due to the abatement of the minimum transaction aggregate – there was created a new subscriber abject in Russia which consists of tens of bags people. Those are the low-budget telecommunication casework consumers who absorb alone several dozens of rubles per ages for the adaptable telephony. Currently, the CyberPlat arrangement is the better accomplice to Beeline, MTS and MegaFon in agreement of aggregate of the payments acclimatized from subscribers. It collects about 25% of the absolute revenues in the absolute telecommunication bazaar in Russia.

CyberPlat transaction arrangement consistently expands the ambit of its services, which can be paid for aural its sales network. Such sectors of the cyberbanking business market, as payments for borough services, auction of air-tickets, acclaim claim accepting and bushing of agenda accounts of the arch Russian banks aswell accept a absolute advance dynamics.

“The bazaar of cyberbanking payments which was created ten years ago by the CyberPlat Company has been developing both quantitatively and qualitatively. New players appear in it: for instance, added banks began to affix to the CyberPlat transaction arrangement lately, abnormally those specializing in retail business. We apprehend that alternating with the accumulation addition of the 3G networks this bazaar will get an added actuation due to alms of the new payable casework by the adaptable arrangement operators. Besides, there consistently expands the ambit of the casework in the bread-and-butter sectors added than the telecommunications area which are to be paid through the CyberPlat system”, - the General Director of CYBERPLAT OJSC, Andrey Gribov, assumed.

CYBERPLAT OJSC is the arch Russian Internet aggregation alms its casework in the e-commerce segment, including transaction processing and defended online certificate interchange. The company’s artefact CyberPlat®, the accepted multibanking chip internet-payment system, is the complete baton in the transaction accepting market. Currently, the CyberPlat® banknote accepting arrangement consists of about 200,000 credibility of sale, accepting banknote payments for the account of arch telecommunication account providers, bartering television and abundant account providers nation-wide, including Beeline, MTS, MegaFon, Tele2, NTV-Plus and abounding others. The absolute about-face of the arrangement comprised 120.7 billion rubles (or 4.74 billion US dollars) in 2007. The CyberPlat cyberbanking transaction processing arrangement is the affiliate of GSM World Association. BDO Unicom is the official accountant of CyberPlat®.

Contact details:
Alexander V. Evtyushkin, Special Projects Director, CyberPlat OJSC, tel. +7 (495) 967-0220 ext. 3068
Pavel N. Podkopalov, Marketing Manager, CyberPlat OJSC, tel. +7 (495) 967-0220 ext. 005