VAUGHAN, ONTARIO, Nov. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Comepay, Inc. (OTCPINK: CMPY) (“the Company”) is pleased to announce expanding business in the partnership between Gett and Chek-online LLC, the Company’s wholly owned subsidiary, for the provision of payment processing and fiscal compliance services using our series of fiscal cash registers, “Cassatka”.
An early adopter to our series of fiscal cash registers, Gett (formerly GetTaxi), a global on-demand mobility company that connects customers with transportation, goods and services, has recently completed implementation of an app linked to our system of fiscal cash registers, substantially increasing the volume of monthly transactions for our countertop and hand held Cassatka units. Gett customers in Russia can order a taxi or courier through the Gett website, in person at various locations such as airports, or by using the company's GPS-based smartphone app available for Android, iOS, and Blackberry OS users. Through our partnership with Gett, Gett drivers across Russia seamlessly use our Cassatka system to process payments and comply with current fiscal reporting requirements.
Comepay CEO, Dmitry Tsatskhin, commented, “Gett originally began using our system of fiscal cash registers in February 2018 as one of our cornerstone partnership agreements. The integration of Chek-online’s fiscal cash register system has proved to be an optimal solution for Gett in order to seamlessly fulfill the statutory requirements of Russian Tax legislation, 54-FZ. We are excited to continue to expand our partnership with Gett as we learn the company’s revenue and usage cycle and are able to meet their usage needs with an affordable solution.”
Chek-online provides round-the-clock monitoring and maintenance of the series of fiscal cash registers in use by Gett.
Available in more than 120 cities worldwide, including London, Moscow and New York, Gett is Europe’s largest on-demand car service company based on revenue. ( https://gett.com/ )
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