Introduction
Qiwi Group (QIWI) is a leading provider of payment and financial services in the former USSR, with over 20.8 million wallet users; 143,000 kiosks/terminals; 94 billion rubles in gross monthly transaction volume, and 45 million monthly active users. The company utilizes API solutions to generate simple payment solutions and facilitates commerce between merchants and users on its online platform.
Whilst QIWI possess a sound business model, the stock has been bashed around somewhat due to the rising geo-political risk in Russia leading to the depreciating of the Ruble. Nevertheless, in terms of