Qiwi Plc Sponsored ADR Class B

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Company Profile

Qiwi Plc engages in the provision of payment services through physical, online, and mobile channels. It operates through the following segmentsL Payment Services, Consumer Financial Services, and Corporate and Other Category. The Payment Services segment involves in the virtual distribution services, including QIWI Wallet and applications, payment channels and methods; physical distribution, including kiosks, terminals, and retail points of service, contact money remittance system; and merchant focused services, such as QIWI Cashier or acquiring services. The Consumer Financial Services segment encompasses consumer lending business SOVEST. The Corporate and Other Category segment includes expenses associated with the corporate operations of QIWI Group as well as R&D, projects, and emerging business models. The company was founded on February 26, 2007 and is headquartered in Nicosia, Cyprus.