According to its management, Qiwi (QIWI) is a cutting-edge fintech Russian bank. Qiwi consists of a chain of terminals, an e-wallet, processing of bookmaker’s payments and unprofitable banking products (Sovest + Rocketbank).
Qiwi's shares have shown significant growth - up 50% - over the last several months. This huge surge mainly came as a result of the positive 1H19 earnings report: the total segment net revenue rose to 10.3 bln rubles, up 26% year over year, the total segment net profit totaled 3.6 bln rubles, up 85% year over year. Meanwhile, despite a