Date : April 30, 2019

 

New Opportunity:  Comepay Inc. (OTCMKTS: CMPY)

 

The need for new solutions to the payments technology system is clear to just about everyone involved. This is not only critical for consumers but for businesses needing to remain competitive in an increasingly global economic system where national boundaries and currency designations are superfluous.

 

That’s why our newest pick could be so interesting here. Comepay is an emerging leader in the cloud payments space, dealing in instant payments and internet based payment transactions through kiosks, mobile interfaces, and Web-based applications.

 

The stock is interesting from a technical perspective as well, now testing deep value technical support, where it found more than a double the last time it was here.

 

Check it out!

 

 

Symbol:  CMPY

Company:  Comepay Inc.

Quote:  http://finance.yahoo.com/q?s=CMPY

Latest News:  http://finance.yahoo.com/q/h?s=CMPY+Headlines

Who is CMPY

Who is CMPY

 

Comepay Inc. (OTCMKTS: CMPY) provides Internet acquiring and support services. The company is involved in facilitating instant payments and internet based payment transactions through kiosks, 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 and has approximately 12,500 kiosks 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 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 12,500 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.

Recent Catalysts

One of the most important recent catalysts was the company’s recent announcement that Chek-online LLC, a subsidiary of Comepay, Inc. and the manufacturer of the smart terminal and fiscal cash register line “Cassatka” has concluded an agreement with the National Payment Card System for the use of contactless payment system “Mir” for the “Cassatka Mini” series of smart terminals.

 

According to the release, NSPK, the operator of the Russian national contactless payment system “Mir” recently concluded an agreement with Chek-online for the supply of materials required to develop customized solutions for the Cassatka Mini mobile smart terminal, including contactless payments.

 

Just before that, that Chek-online LLC announced that it had entered into a partnership with large Russian gas distribution company, Mosoblgaz, for use of its cash registers and payment terminals to support its online sales services.

 

According to that communication, Mosoblgaz, operating since the mid 1950’s, operates a large-scale gasification program in the Moscow region, which is presently the company’s top priority and a key social mission of the company. As indicated on their corporate website, mosoblgaz.ru, “…1135 settlements of the Moscow region will be installed gas according to this program by the end of 2025”.

 

The other big news for this stock just hit earlier this month when the company announced Chek-Online LLC had again added increased functionality to its smart terminals including the Unified State Automated Information System app, in order to simplify reporting of alcoholic beverages and products to the Federal Tax Authority of the Russian Federation, including the ability to issue industry compliant receipts for alcoholic products sold.

 

This story is picking up momentum with investors based on a series of increasingly exciting developments in a very big addressable market.

Technical Analysis

The stock is currently testing key support in the $1.75-2.00/share zone. And it’s oversold at that point by any reasonable measure.

 

This is important because the last time it was here (back in October of last year), shareholders in CMPY saw massive gains over the following month, with the stock soon testing the $5/share level in short order for well more than 100% in gains.

 

In fact, we are seeing a number of signs of key support now coming into place at this level, with increasing volume and a few tails sticking to the downside – where the stock tested lower levels intraday but close back higher. Those are all clues that we may be seeing some accumulation entering anew.

About CMPY

About CMPY

 

CMPY (Comepay Inc.) provides Internet acquiring and support services. The company is involved in facilitating instant payments and internet based payment transactions through kiosks, 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 and has approximately 12,500 kiosks across Russia.

Key Points:

  • CMPY is an emerging technology company that is gearing up to disrupt the payment systems space.
  • CMPY is making real money, with trailing revs already coming in at $6.2M.
  • CMPY is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
  • CMPY has become clearly oversold with shares testing key support where it last found a 125% run higher.
  • CMPY also just made a deal to enter the contactless payments space.

 

Conclusion

 

The alternative payments space is a disruptive element in a monstrous addressable market. No one questions that. The key is finding the promising emerging players. We believe that CMPY could be just that. The company is moving into the contactless payments market as well.

 

With key support now in play, and the potential for big things ahead, CMPY needs to be on the radar.

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