(openPR) - According to H1 results, CYBERPLAT has secured its lead in the cash payment acceptance sector

Andrey Gribov, General Director of CYBERPLAT: “Our semiannual results have secured even a greater breakaway from the nearest rivals in terms of the caliber of our business which is manifested in its turnover, as well as fault tolerance and reliability—according to these characteristics, CYBERPLAT (CyberPlat®) has outperformed the nearest competing system by almost five times.”
CyberPlat®, the first Russian payment system, was created in 1997. The first online payment was executed on 18 March 1998 for the benefit of the Garant-Park Company and the first mobile operator, VimpelCom, on August 12, 1998.

FINANCIAL INDICATORS

For the first six months of 2006, the total turnover of the CyberPlat® payment system has reached 1 billion 19 million US dollars; that exceeds the turnover of the same period in 2005 by a factor of 2.54. Thus, the CyberPlat® Company has not only proved, but firmly established its status of Russia’s biggest payment system. Payments from mobile communication subscribers account for the biggest turnover share—97%; fixed-line communication services and the Internet comprise 2 % of the turnover, and less than 1% falls at the payments for satellite and cable television.
The financial development and business activity of the Company have been acknowledged by the leading players in the telecommunication market, and it conferred diplomas of the biggest mobile communications operators. OJSC VimpelCom (Beeline trade mark) awarded the CyberPlat® payment system an acknowledgement certificate—“2005 Absolute Leader by the Total Volume of Payments Accepted from Beeline Subscribers in Telecommunications Salons and Independent Retail Outlets.”
MobileTeleSystems ranked the CyberPlat® payment system first by the total volume of payments accepted from their subscribers in 2005.
MegaFon mobile telecommunications operator has characterized the CyberPlat® payment system as the biggest partner accepting payments from subscribers. At the current stage of its development, CYBERPLAT (CyberPlat®) accepts over 16 % of proceeds of each of the “big three” mobile operators.
At present, the share of regional dealer payments through the CyberPlat® system has drastically increased and already comprises over 64% of the Company’s turnover.

VOLUMES OF TRANSACTIONS EXECUTED VIA THE PAYMENT SYSTEM

For the first six months of 2006, over 240 million transactions have been executed through the CyberPlat® payment system, and a threshold of 55 million transactions per month was surpassed, which is greater by a factor of 4.6 than the same period indicators of 2005. By the daily volumes of payments, CyberPlat® is presently the country’s biggest payment system, which, according to experts, outperforms the Central Bank of the Russian Federation in the number of transactions. At that, it is noteworthy that payment operation processing in CyberPlat® is carried out online and takes no more than two seconds.
The overall number of the CyberPlat® system’s payment acceptance points increased 60% in the first half of 2006 reaching over 24 000 by the beginning of July. Presently, by the number of payment acceptance points, CyberPlat® has outstripped the biggest bank—the Savings Bank of Russia possessing the most developed branch chain of more than 20 000 offices throughout the country.
Successful advancement of the FSUE Post of Russia and CyberPlat® joint project for cash payment acceptance in the vast Russian post office network should particularly be emphasized. The number of regions in the Russian Federation where, nowadays, post offices accept payments has risen from 44 to 54 in the passed six months.
Specifically, in H1 2006, CyberPlat® participated in the launch of several projects organizing cash payment acceptance in large-scale retail chains, such as ALPI hypermarket chain, and others.
The CYBERPLAT.COM Company, unlike other systems, possesses relevant licenses of the Federal Security Service of the Russian Federation, Federal Service for Technical and Export Control, and other agencies.
The company’s operations are growing following the general trends in the development and expansion of the telecommunications market; and the fact suggests excellent prospects for the industry as a whole and the CyberPlat® Company, in particular.
The detailed report on the company’s operation is available at:
www.cyberplat.com/press.php?id=140

Marketing Department

CYBERPLAT.COM, JSC
World Trade Center-2, 12 Krasnopresnenskaya nab., entrance 7, office 1202, Moscow, Russia 123610
Tel.: 007 495 967-02-20 ext. 055, fax: 007 495 967-06-00.
E-mail: kolosov@platina.ru

The CyberPlat® System was created as an internal division of Platina Bank in 1997.

August 1998 became a landmark in Russia's electronic commerce - the CyberPlat® system conducted the first top-up transaction to refill a cellular communication subscriber account. The first cellular communication operator was OJSC Vimpel-Communications (Beeline trade mark).

Intensive development of the electronic commerce market led to the change in organizational and commercial approaches to the development of the CyberPlat® system: in the year 2000, there was created OJSC "CYBERPLAT.COM" with headquarter in Moscow.

At present, OJSC CYBERPLAT.COM is one of the leading Russian Internet companies providing infrastructural services for electronic commerce, focused on payment processing and secure online document interchange.

The Company's product is a broad-based integrated multi-banking payment system –CyberPlat® – which has been used for over 8 years by a number of leading software developers as a standard element of Internet shopping, as well as an Internet payment tool.