Qiwi Bank says no signs of bankruptcy amid Russian licence revocation
Posted on Monday February 26, 2024

Digital bank Qiwi, whose Russian licence was revoked by the Russian central bank earlier this month, said on Monday it saw no sign of bankruptcy in its operations and a liquidation process agreed in January should proceed without difficulty. Nasdaq-listed Qiwi, a Russian analogue to PayPal, had 29 million users at the end of 2022 and 13.8 million active wallets. The Russian central bank, which has taken regulatory action against Qiwi five times in the last year, said Qiwi Bank had engaged in high-risk operations.

UPDATE 3-Russian payment providers knocked offline after Qiwi Bank licence revoked
Posted on Tuesday February 20, 2024

Payment services used by Russians to transfer money overseas were knocked offline on Wednesday after the central bank revoked digital bank Qiwi's licence, sending its Moscow-listed shares plummeting almost 50% to a record low. The central bank, which has taken regulatory action against Qiwi five times in the last year, said Qiwi Bank had engaged in high-risk operations, systematically violating requirements on anti-money laundering and terrorism financing legislation. Nasdaq-listed Qiwi, on of Russia's largest payment services provider, said it was aware of the revocation and that temporary administrators were currently working at the bank.

QIWI Announces First Quarter 2023 Financial Results
Posted on Friday May 26, 2023

NICOSIA, Cyprus, May 26, 2023 (GLOBE NEWSWIRE) -- QIWI plc (NASDAQ and MOEX: QIWI) (“QIWI” or the “Company”), a leading provider of cutting-edge payment and financial services in Russia and the CIS, today announced its financial results for the first quarter ended March 31, 2023. 1Q 2023 key operating and financial highlights1 2 1Q 20221Q 2023YoY 1Q 2023 RUB millionRUB million USD million(1) Consolidated Group resultsRevenue9,717 17,872 83.9% 231.8 Total Net Revenue6,305 8,552 35.6% 110.9 Adjust

Posted on Wednesday December 31, 1969