Comepay Inc. (OTCMKTS: $CMPY) is another interesting play

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Comepay Inc. (OTCMKTS: $CMPY) is another interesting play this week with catalysts driving the action.



The company just announced that its Chek-online LLC subsidiary has expanded a lease agreement with Bosch, a global market leader in electronics and engineering, originally announced in December 2018, whereunder Chek-online provides stationary smart terminal units located inside its data centers in Russia.



The news is sparking new interest to drive the stock up off its key support level in the $1/share area.



The company provides Internet acquiring and support services. The company is involved in facilitating instant payments and internet based payment transactions through mobile interfaces and Web-based applications.



In addition, the company leases and sells cash registers and point of sale (POS) systems, including its recently developed proprietary multifunctional smart POS fiscal cash register system. It processes approximately 10 million customer payments per month across Russia.



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 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 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. https://dailytrendingstocks.com/the-tuesday-m...ush_monkey
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