Qiwi Group, owner of the same-named payment service, announced the division of its business into Russian and international branches. Andrey Protopopov, the CEO of the group, believes that dividing the business is a logical step considering the current economic and geopolitical situation.
"The international business will enter the Qiwi Plc group, whose securities are listed on Nasdaq and the Moscow Exchange. The Russian business is consolidated into JSC "Qiwi"", the company explained. They added that in June, Russian and international divisions will be formed, and a complete separation of the business will take place by the end of August, provided that all necessary regulatory approvals are received.
The company also notes that the restructuring will not affect the availability of Qiwi services.
Now on home
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