YEREVAN, June 4. /ARKA/. Yerevan Jur CJSC water-supplying company reported today that it cancelled its contract with TANDEM PAYMENTS payment system because the latter failed to fulfill its contractual obligations.

«The company is informing its clients and consumers about cancellation of the contract on accepting payments for its services via TANDEM PAYMENTS CJSC's terminals, since the payment company failed to fulfill its contractual obligations, and this led to accumulation of considerable liabilities,» the press office of Yerevan Jur reported on Thursday.

Yerevan Jur urges its clients not to pay their bills via TANDEM PAYMENTS terminals adding that the already made payments are in force.

Yerevan Jur is run by French Veolia Generale des Eaux that won an international tender announced by World Bank to take up a long-term management of the Yerevan network in 2006. It pledged to upgrade the obsolete network and ensure 24-hour water supplies to households. The company manages also drinking and waste water removal systems in Ararat, Aragatsotn and Kotayk provinces. --0--