VAUGHAN, ONTARIO, Nov. 15, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Comepay, Inc. (OTCPINK: CMPY) (“the Company”) is pleased to announce that the Post Bank (PJSC Pochta Bank), a Russian retail bank that is part of the VTB banking group and Russian Post, has announced a partnership with Chek-online LLC, a subsidiary of Comepay, Inc. and the manufacturer of the smart terminal line “Cassatka”.

Under the terms of the partnership, Post Bank customers can purchase a comprehensive 54-FZ fiscal compliance solution including the Cassatka online cash desk with complete fiscal reporting to the Russian Federal Tax Service, with payment terms of 15 or 36 months, and offering connectivity to the MultiCarta payment system offered directly in bank branches.

Today, there are more than 12,000 Post Bank locations in 82 regions throughout Russia. The Cassatka online cash desk solution is available for retail or mobile shop owners at 17,900 rubles for the popular Cassatka 7 CCT including applicable software and a metering system. Company CEO, Mr. Dmitry Tsatskin added, “The partnership with Post Bank allows us to offer our complete Cassatka 7 CCT solution for customers including the required hardware and software to meet fiscal reporting needs at a cost currently estimated to be one-third lower than our current competitors. The additional benefit to this arrangement is the immediate addition of 12,000 points of sale for Comepay, Inc. for this Cassatka unit, greatly increasing our visibility in the Russian market.”

The partnership has the additional benefit of keeping sales and marketing costs low relative to all units sold through the Post Bank partnership at individual banking locations.

The Cassatka 7 CCT model is best suited for retail outlets, small kiosks, workshops, and other small and medium sized businesses in Russia. The Cassatka 7CCT unit includes a customized tablet with a receipt printer and a full-fledged back-end accounting system/POS. In addition, the Cassatka 7CCT solution provides customers free access to a functional personal account for remote tracking of sales analytics and product inventory balances.

Sales of the Cassatka units have already commenced at various Post Bank locations.

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  

Dmitry Solomovich
9546072296
info@comepayinc.com