Qiwi leaves foreign markets
According to CNews, Qiwi sells its network of terminals in the United States, Brazil and Jordan, as well as a system of electronic wallets in Europe. Access to foreign markets did not meet expectations.
According to the company's annual report, this decision has matured back in December 2014. This may be due to the deterioration of the financial situation of Qiwi as a whole. In 2014, the company's stock quotes fell seriously.
In the US, Qiwi owns two companies: Qiwi USA and IT Billion. Through them, the development of the network of terminals has been carried out since 2012. However, now these companies are for sale.
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In Brazil, Qiwi will also close the terminal network and sell its stake in Qiwi Brasil Technologia Captura E Processamento De Transações. In 2012, the share of Qiwi in this company decreased from 51% to 29.5%. And in 2014, it dropped to 9%, since Qiwi did not participate in the additional issue of a Brazilian company.
In Qiwi Jordan, which is located in Jordan, the share of Qiwi is 49%. In spite of the fact that while there are no potential buyers, they plan to sell the share.
In Europe, Qiwi is winding down its electronic wallet business. In 2012, Qiwi Wallet Europe was established in Latvia, which received a license to issue electronic money. Now it is for sale, but there are no potential buyers either.
Qiwi experts suggest that the company's business may still deteriorate due to the unfavorable macroeconomic situation and falling consumer demand.
According to the company's annual report, this decision has matured back in December 2014. This may be due to the deterioration of the financial situation of Qiwi as a whole. In 2014, the company's stock quotes fell seriously.
In the US, Qiwi owns two companies: Qiwi USA and IT Billion. Through them, the development of the network of terminals has been carried out since 2012. However, now these companies are for sale.
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In Brazil, Qiwi will also close the terminal network and sell its stake in Qiwi Brasil Technologia Captura E Processamento De Transações. In 2012, the share of Qiwi in this company decreased from 51% to 29.5%. And in 2014, it dropped to 9%, since Qiwi did not participate in the additional issue of a Brazilian company.
In Qiwi Jordan, which is located in Jordan, the share of Qiwi is 49%. In spite of the fact that while there are no potential buyers, they plan to sell the share.
In Europe, Qiwi is winding down its electronic wallet business. In 2012, Qiwi Wallet Europe was established in Latvia, which received a license to issue electronic money. Now it is for sale, but there are no potential buyers either.
Qiwi experts suggest that the company's business may still deteriorate due to the unfavorable macroeconomic situation and falling consumer demand.
Source: https://habr.com/ru/post/286678/
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