OPEN QIWI WALLET DRIVERS

It expects a huge growth rate, as there is practically no competition in this market, and reducing the key interest rate will increase the debt load of Russians, which now remains at an extremely low level. Last year, QIWI launched the project 'Sovest' - an installment card. In accordance with Russian law, any person who wants to register at a bookmaker should first open QIWI Wallet for identification. This is also a fairly large market in Russia, especially due to the fact that in Russia in 2018 will host the World Cup.

OPEN QIWI WALLET DRIVERS

Drivers in Uber and landowners in Airbnb receive their income through the QIWI system.Īnother driver for the company should be a partnership with bookmakers. Most companies that are part of the sharing economy, including Uber ( UBER ) and Airbnb (AIRB), use QIWI for money transactions in Russia. QIWI also leads the market in the sharing economy in Russia.

For example, self-employed in Russia mainly uses QIWI as the main platform for most operations related to work activities. QIWI as a payment service affects many markets, including the self-employed market and sharing economy.

In Russia, compared to other countries, there is still a low penetration rate of smartphones, as well as a small proportion of transactions in the e-commerce segment. The key growth driver for the company will be the very rapid growth of online payments and e-commerce markets in Russia. Source: YCharts, picture by the author Growth drivers QIWI does not use borrowed funds and even maintains a fairly large cash position. The main reason for the decline in profits was the investment in the project 'Sovest' and the acquisition of two banking brands - 'Roketbank' and 'Tochka'. In 2017, the net profit of the company significantly decreased and returned to the level of 2015, which greatly frightened investors. Net profit also increased along with revenue until 2017. QIWI's revenue has been growing steadily since the IPO. In 2017, QIWI Wallet active accounts increased by 17% to 20.1 million. QIWI service is at least once per month used by more than 50 million people. The volume of payments through the QIWI system amounted to more than 900 billion rubles. Solonin also holds the post of chairman of the FinTech committee under the government of Russia. The company's CEO is Sergey Solonin, one of the most active figures in the Russian FinTech. Now, QIWI positions itself as one of the leading FinTech companies in Russia. In 2016-2017, QIWI launched the installment card 'Sovest' and acquired the banking brands 'Tochka' and 'Roketbank', specializing in small and medium-sized businesses. In 2008, the company launched its main project - QIWI Wallet, and, already in 2013, held an IPO on the Nasdaq. QIWI - online payment service, the analog of PayPal ( PYPL). This article is about why QIWI is an excellent investment right now. The markets in which the company is present show growth, and this growth could affect QIWI's profits and dividends and, as a result, return the attractiveness among investors. QIWI ( NASDAQ: QIWI) is the leader in the online payments market in Russia.

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