NICOSIA, Cyprus, April 14, 2022 (GLOBE NEWSWIRE) — QIWI plc (NASDAQ and MOEX: QIWI) (“QIWI” or the “Firm”), a number one supplier of cutting-edge cost and monetary providers in Russia and the CIS, right this moment introduced that S&P International Rankings company has withdrawn its credit standing on QIWI plc.
The withdrawal adopted by the EU’s choice on March 15, 2022, to ban the availability of credit score rankings to authorized individuals, entities, monetary establishments, or our bodies included in Russia. Now S&P International Rankings company determined to additionally withdraw its rankings on monetary establishments which have hyperlinks to Russia, though included outdoors of the nation. As most of our purchasers and staff are situated in Russia, and main portion of revenues we generate is in Russia, our ranking was withdrawn.
Neither working nor monetary efficiency of QIWI is affected attributable to introduced credit standing adjustments.
About QIWI plc.
For over 20 years we stood on the fore level of fintech improvements to facilitate and safe digitalization of funds. Our mission is to attach our purchasers offering distinctive monetary and technological options to make the unimaginable accessible and easy.
QIWI is a number one supplier of cutting-edge cost and monetary providers in Russia and the CIS. We provide a variety of merchandise underneath a number of instructions: QIWI cost and monetary providers ecosystem for retailers and B2C purchasers throughout digital use-cases, ROWI digital structured monetary merchandise for SME, Flocktory providers in advertising automation and promoting applied sciences, and several other different startups.
QIWI has an built-in proprietary community that permits cost providers throughout on-line, cell and bodily channels and gives entry to monetary providers for retail clients and B2B companions. Our community permits over 27 million of consumers and companions to just accept and switch RUB 148 billion of money and digital funds month-to-month. Firm’s cash remittance cost platform connects companies and other people from over 185 international locations by way of over 670 thousand service factors. Our clients and companions can use money, saved worth, pay as you go playing cards and different digital cost strategies so as to pay for items and providers or switch cash throughout digital or bodily environments interchangeably, in addition to make use of QIWI’s open API infrastructure and extremely customizable, subtle cost options to serve their enterprise or private wants. Our ROWI model serves companies with digital factoring, financial institution ensures and different monetary options for SMEs.
For the FY 2020 QIWI had income of RUB 40.6 billion and an Adjusted EBITDA of RUB 13.eight billion. QIWI’s American depositary shares are traded on the NASDAQ and Moscow Change (ticker: QIWI).
For extra data, go to investor.qiwi.com.
