Founded in 2007, QIWI became a leading provider of next-generation payment and financial services in Russia and the CIS. The company's primary product was the QIWI Wallet, an e-wallet and virtual card system that allowed users to make online and offline payments. Its ecosystem also included a vast network of over 100,000 payment terminals and kiosks, enabling cash-based top-ups and payments. However, in a major regulatory action on February 21, 2024, the Central Bank of Russia revoked the banking license of its subsidiary, Qiwi Bank JSC, effectively halting all primary operations of the QIWI Wallet and freezing customer accounts.

Founded in

Switzerland