Qiwi

• QIWI Group was established in 2007. ^[2]
• In the same year, the “Personal Account” service was launched at QIWI terminals, which was later renamed “QIWI Wallet”. A full-fledged electronic payment tool has several interfaces: a website, applications for mobile platforms and social networks, as well as various replenishment methods. ^[3]
• In 2008, the QIWI brand and the 24-hour Unified User Support Service were launched. ^[four]
• In 2009, the merger of the United Instant Payment System and the e-port Group merged. ^[five]
• On March 15, 2011, Qiwi stopped accepting payments for electronic money systems Yandex.Money , Delta Key, IntellectMoney, Money Money, MoneyMail, RBK Money , WebCreds, Webtransfer, Z-Payment, Moneta.ru and Rambler plus ” ^[6] .
• In November 2012, Visa and QIWI signed a global partnership agreement, under which QIWI Wallet was transformed into a co-branded product Visa QIWI Wallet. ^[7]
• In July 2015, QIWI Group became a 100% shareholder of the CONTACT Payment System.
• In April 2016, blockchain technology was introduced into Qiwi processing ^[8] .
• QIWI payment service founder Andrei Romanenko left the company’s leadership and sold his share of the shares. The entrepreneur plans to concentrate on other business projects. ^[9]
• In October 2017, Qiwi bought the rights to the Rocketbank and Tochka banking services brand and software from Otkritie Bank. This was announced by Qiwi CEO Sergey Solonin. ^[ten]
• In June 2018, Otkritie Bank, QIWI Group and Tochka announced the signing of a cooperation agreement and the creation of a joint venture of Tochka JSC, which will usher in a new stage in the development of the financial services market for entrepreneurs in Russia. "Discovery" set the "Point" .
• In April 2019, it became known that Qiwi plans to launch the first universal platform for self-employed in Russia, through which it will be possible to independently register with the Federal Tax Service (Federal Tax Service) ^[11] .

You can take advantage of the system through any QIWI terminal throughout Russia. QIWI users can make payments and money transfers, pay fines, telephone services and Internet providers. It is possible to issue virtual and plastic debit payment cards of the VISA system, which can be used to pay for goods and services in any stores that accept VISA cards and on the Internet. ^[12]

In addition to Russia, the QIWI payment service operates in the markets of seven more countries (Romania, Brazil, Kazakhstan, Belarus, Moldova, Jordan, the USA), and in 15 other countries it is represented according to the franchising model.

Today, using the QIWI payment service, you can make various payments:

• mobile operators;
• Internet providers, operators of IP-telephony services , commercial television;
• electronic payment systems;
• MLM companies
• Online Games;
• content providers and aggregators ;
• companies providing utilities and fixed telephony services;
• online stores , etc.

The law “On the activity of accepting payments of individuals by payment agents” ^[13] , adopted in 2009, significantly expanded the range of operators by opening access to such fundamental markets as repayment of consumer loans, payment of air and rail tickets, utilities and Internet access, which contributed to an increase in the share of non-cellular payments. Also, payment for the services of tour operators, making donations to charitable foundations became available, it became possible to carry out Unistream money transfers and purchase virtual Visa cards .

In 2010, QIWI Group included the 1st Processing Bank, which in 2011 was renamed into QIWI Bank CJSC ^[14] . As of May 1, 2017, the bank ranks 171 in Russia in net assets (15.6 billion rubles) and 41 in net profit (974.8 million rubles) ^[15] . In 2017, Kiwi Bank introduced an innovative product on the financial market - the “Conscience” installment card, which provides the opportunity to purchase goods by installments with the renewal of the credit limit ^{[16] [17]} .

QIWI was one of the first in Russia to introduce blockchain technology in its business. In 2015, the company announced the creation of its own distributed payment processing, built on the basis of distributed ledger technology (DLT).

In 2017, QIWI singled out the direction of blockchain and DLT-technologies into a separate business - a subsidiary company QIWI Blockchain Technologies (QIW Blockchain Technologies, QBT) appeared in the group ^[18] . In 2017, it was planned to spend 100 million rubles ^on QBT operating activities ^[19] .

Among the first declared goals of creating QBT were the development and implementation of DLT technologies in the QIWI payment system, as well as consulting and development of solutions based on blockchain technologies for external customers ^[20] .

Currently, the company identifies three main areas of its work: audit of IT systems, development of projects for building distributed systems and solutions on the blockchain, ICO consulting ^{[20] [21]} .

QBT is one of the leading consortia and associations in the field of blockchain: R3, Enterprise Ethereum Alliance (EEA), FinTech Association (AFT) ^[22] .

QBT specialists are one of the leading consultants in the development of Masterchain - the Russian national blockchain network.

The largest shareholders of QIWI are:

• Otkritie Bank - 35.2% (class B shares)
• Sergey Solonin - 18.5% (class A shares)
• Melqart Asset Management (UK), LTD - 5.1% (class B shares)
• Platinum Asset Management - 2.4% (Class B shares)
• Boris Kim - 2% (class A shares)

On May 3, 2013, QIWI plc held an initial public offering on NASDAQ . As a result of the sale of shares by large shareholders, their shares decreased: Mail.ru Group to 15.5%, Mitsui & Co to 11.3%, Qiwi Chairman Andrei Romanenko and his father Nikolai Romanenko to 7.3%. Reduced their share by selling their shares, and a number of other managers. The largest shareholder, Qiwi CEO Sergey Solonin (25.4% of the shares), did not participate in the IPO ^[23] .

On October 8, 2013, the circulation of American depository shares ( ADS ) of a company on the Moscow Exchange in the Innovation and Investment Market sector began ^[24] .

Former city manager of Kazan, Marat Zagidullov in 2013 owned 25% of Qiwi India ^[25] .

• Electronic money