Quickpay

History

Till July, 2013 under the Quickpay trademark in close cooperation 2 companies worked, being differentiated on territorial sign:

• Quickpay (website www.quickpay.ru) - develops network of Quickpay payment terminals in Russia and in the Republic of Kazakhstan (in Kazakhstan under TM "Phoenix").
• MPS - The international Payment System - business of Quickpay on the international scene: To the USA, Latin America, Panama, UAE, Kyrgyzstan, Kazakhstan. (www.mpsquickpay.com).

In July, 2013 the American corporation Net Element International (NETI) announced acquisition of the international network of QuickPay payment terminals. Using the new shareholder expansion of its presence is planned for Ukraine, Turkey, Philippines and the countries of Latin America and also to strengthen presence in the USA.

The transaction is performed in a cashless form: "subsidiary" of NETI - Tot Group will create the new company in which QuickPay will transfer all the assets, having received instead of 35% of its shares. At the same time NETI will receive the option for the redemption of this share, and the CEO of QuickPay Ilya Shurygin will direct the new company.

One more term of transaction - the buyer undertakes QuickPlay debt in the amount of $1.5 million from which the most part (221 billion tenges or $1.45 million) is the share of the Kazakh division of the company, and the rest — to Russia.

The transaction with the American corporation Net Element International belongs only to the international activity of Quickpau company and has no relation to Quickpay network in the Russian Federation.