VAUGHAN, ONTARIO, Dec. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Comepay, Inc. (OTCPINK: CMPY) (“the Company”) is pleased to announce that its wholly owned subsidiary Chek-Online LLC, a leading manufacturer of fiscal cash registers in Russia and developer of the family of Cassatka smart terminals, has entered into a lease agreement with Bosch, a global market leader in electronics and engineering, for provision of stationary smart terminal units located inside its data centers in Russia.
Prior to signing of the lease agreement Chek-online spent over 45 days integrating the smart terminal service with the Bosch website, including customization and testing.
In addition to its retail outlets in Russia, Bosch offers its customers the ability to order products through its online store. The leased smart terminals located within the Chek-online data center will be used to facilitate payments for Bosch household appliances purchased over the internet, across Russia.
According to Bosch, from January 1, 2018, to date, online sales at the Bosch website have increased by approximately 3.7%, indicating that the Russian consumer finds it convenient to browse the latest technology and associated promotions online, placing an increased number of internet orders for products including appliance home delivery.
By leasing the Chek-online smart fiscal cash registers to facilitate online purchases, Bosch transactions are now fully compliant with the recently passed Russian Federal tax laws.
The leasing agreement includes the remote operation of numerous fiscal cash registers including leased space for the associated equipment at the Chek-online data center, round-the-clock monitoring of equipment, technical support and the installation and subsequent replacement of the fiscal drive and associated software.
Comepay CEO, Dmitry Tsatskhin commented, “The adoption of our smart terminal units into the operations of a global enterprise such as Bosch indicates that our product offerings have gained a high level of technological acceptance in the Russian marketplace. We look forward to continuing to introduce our data center and stationary series of smart terminals to web-based businesses across the Russian market with a view to increased expansion in fiscal 2019.”
About Comepay
The Comepay group of companies including Comepay, RP Systems, M-NN LLC and Chek-online have been operating for over 11 years providing internet acquiring services and support, facilitating instant payments and internet-based payment transactions via kiosks, mobile interfaces and web-based applications such as electronic wallets. The Company also leases and sells cash registers and Point of Sale (POS) systems, including its recently developed proprietary multifunctional smart POS fiscal cash register system. Combining proprietary software and equipment, Comepay processes over 10 million customer payments per month and presently has more than 22,000 kiosks across Russia. The companies are currently focusing their planned business expansion on the smart POS fiscal cash register system called “Cassatka” in order to help businesses comply with newly released Russian taxation legislation, 54-FZ which requires 1.2 million businesses in fiscal 2018, and a further 1.4 million businesses in fiscal 2019 to install new, federally compliant on-line cash registers. The Cassatka, Comepay’s multifunctional smart POS online fiscal cash register can process payments and meet fiscal data storage requirements for participating businesses. It is a convenient and cost competitive solution for businesses to meet the new federal taxation requirements in Russia, and is currently being manufactured for distribution prior to June 2018. As the companies expand their business model, we expect to offer blockchain acquiring services and also to accept payments in multiple crypto currencies on the Cassatka. The Comepay group of companies presently earn revenue from a variety of channels including fee based commissions on payment processing for both cash and debit card payments, software licensing, kiosk placement fees and other rental fees for cash registers and associated equipment. The Comepay companies are looking to expand rapidly in fiscal 2018 and beyond as we introduce and market the Cassatka along with a suite of enhanced user features.www.comepaygroup.com, www.comepay.ru, www.Cassatka.me, www.chekonline.ru, www.starrys.ru