OREANDA-NEWS. August 15, 2008. The largest in Russia and CIS countries electronic payment system CyberPlat effected its first transaction which replenished an account of a subscriber to the largest mobile network operator Beeline online. On that date, there began a dynamic development of electronic commerce in Russia. This business grew into a significant stock market with a multibillion turnover for ten years. It gives jobs to tens of thousands of Russians and affects the life of the whole country’s population.

Today, it is not only the Internet and bank card payments which are used in the electronic commerce. The main financial flows are collected in cash through the widest and fast growing network of retail payment acceptance outlets and self-service terminals. The general number of the CyberPlat system payment acceptance outlets comprised over 150,000 points, and including the sub-dealer outlets – about 200,000 points, by the beginning of August, 2008.

Created by the CyberPlat system, a well-developed payment infrastructure provided for the majority of population in Russia, Kazakhstan, the Ukraine and Uzbekistan an opportunity to pay for the telecommunication services, housing and public utilities, commercial television, security alarm systems, air-tickets, etc. in a fast and safe way. This gave Russians and citizens of a number of CIS countries an opportunity to pay for numerous services conveniently and comfortably. After all, the payment acceptance outlets are located practically everywhere – in specialized retail and terminal networks, large and small stores, post offices, telecommunication shops, chemist’s shops and gas stations.

For all 10 years of work in the electronic payments market, the CyberPlat Company has been showing a dynamic and steady growth of the main indicators of its activity – the number of transactions, the turnover and the number of payment acceptance outlets. In the aggregate of these indicators, CyberPlat ® is the indisputable leader in the payment acceptance market in Russia and CIS counties. For ten years of using the CyberPlat payment system – due to formation of a large payment acceptance network, as well as due to the decrease of the minimum payment amount – there was created a new subscriber base in Russia which consists of tens of thousands people. Those are the low-budget telecommunication services consumers who spend only several dozens of rubles per month for the mobile telephony. Currently, the CyberPlat system is the largest partner to Beeline, MTS and MegaFon in terms of volume of the payments accepted from subscribers. It collects about 25% of the total revenues in the entire telecommunication market in Russia.

CyberPlat payment system constantly expands the range of its services, which can be paid for within its sales network. Such sectors of the electronic commerce market, as payments for municipal services, sale of air-tickets, credit repayment acceptance and replenishment of card accounts of the leading Russian banks also have a positive growth dynamics.