Russian payment service Qiwi has entered the market of Europe

Russian payment service Qiwi has entered the market of Europe


The European version of Qiwi wallet developed for Android and iOS platforms. Functionality Qiwi Wallet Europe is available in 3 languages – Latvian, Russian and English. The currency of all transactions is the Euro.

MOSCOW, 10 Dec. Qiwi group has started work on the European market, releasing the first version e-wallet Qiwi Wallet Europe for the inhabitants of Latvia, have informed in the press service of the organization.

Previously a subsidiary of the group – Qiwi Wallet Europe SIA – licensed market Commission financial and capital (FKTK) in Latvia, which allows you to issue electronic money and provide payment services specified in the license, and also open representative offices on the territory of all EU countries.

“The European payment market is saturated with financial services a variety of formats – develop them as major banks and new start-up. We are confident that we have created for the European market really competitive payment service which will be able to successfully unite providers and merchants from all over Europe”, — noted in the accompanying comments of the Executive Director of Qiwi Wallet Europe SIA Stanislav Tchaikovsky.

The European version of Qiwi wallet developed for Android and iOS platforms. Functionality Qiwi Wallet Europe is available in 3 languages – Latvian, Russian and English. Currency all payment transactions, including deposits and transfers between users, – Euro. The Latvians will be available to an expanded list of providers, which includes both Russian and local companies.

Payment service Qiwi currently has more than 149 thousand terminals and points of reception of payments. Trading companies take over the monthly service payments for the sum over 70 billion roubles.

The group includes the company Qiwi “QIWI the purse”, QIPS LLC, CJSC “Kiwi Bank”, LLC “Kiwi provider of payment services”, the money transfer system Contact, as well as a new structure — Qiwi Wallet Europe SIA. The group completed an IPO on NASDAQ in may 2013, in October 2013 and in may 2014 secondary offering. In the third quarter of 2015 the group’s net profit under IFRS decreased by 3% compared to the same period of 2014 and amounted to $ 1,133 billion.