QIWI plc (QIWI)
- Reuters
Qiwi Bank says no signs of bankruptcy amid Russian licence revocation
Digital bank Qiwi, whose Russian licence was revoked by the Russian central bank earlier this month, said on Monday it saw no sign of bankruptcy in its operations and a liquidation process agreed in January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.
- Reuters
UPDATE 3-Russian payment providers knocked offline after Qiwi Bank licence revoked
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.
- GlobeNewswire
QIWI Announces First Quarter 2023 Financial Results
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
