![]() ![]() We mentioned the company was subject to disciplinary action by the CBR in 2020 after a supervisory audit uncovered some deficiencies relating to reporting and record-keeping compliance. (source: company IR) Why Did QIWI Stock Price Fall? Much of the business flows through the QIWI digital wallet operated by the company's regulated "QIWI Bank" financial institution. Within payments, e-commerce related purchases represent about 47% of net revenues while remittances are 46% of the business with the term used to represent all types of "transfers" across users within Russia and to foreign accounts. Currently, around 87% of the business is related to payments services while there is also a separate portfolio of business-to-business solutions. The company's ecosystem shows 26.8 million users and over 15.5 million active QIWI digital wallets with more than 100k physical kiosks and terminals in the region. With data through Q2, QIWI reported over 1.7 trillion Russian Rubles (approximately $24 billion) in payments transaction volume over the last 12 months. (Seeking Alpha) How Does QIWI Make Money? Recognizing the potential for a turnaround opportunity with some metrics indicating extreme value, QIWI remains high-risk with significant uncertainties. Still, QIWI remains profitable with overall solid financials despite the setbacks while the stock yields a compelling 17%. QIWI is also facing some pressures related to the loss of Russia's online betting market following government reform. While some of those restrictions have since been lifted, the stock has declined by nearly 50% in the past year. Despite operating in high growth segments, the company has faced some unique challenges considering sanctions imposed by the Central Bank of Russia "CBR" last year citing regulatory deficiencies, limiting certain types of payments activities. The company is recognized as a leader in the local market with services like money remittance, mobile payments, digital wallets, and prepaid credit cards. This helps in cutting down cleaning time and cost.QIWI Plc ( NASDAQ: QIWI) is a payments processor and fintech provider operating in Russia and the broader Eastern European region. It can be reused up to four times with careful usage to minimize wastage. SUSTAINABLE & ENVIRONMENT FRIENDLY: Qiwi Food Wrapping Paper is degradable, compostable and recyclable.This food wrapping sheet has a good moisture barrier which allows breathability to keep the food fresh, bacteria-free and less soggy by letting steam and moisture escape. Thus, it allows the food’s original flavour and taste to remain intact and does not make the utensils greasy and sticky. GREASE-PROOF & NON-STICK: Qiwi Food Wrapping Paper can stand up to any greasy food with its superior oil resistance quality to control the oil from penetrating the paper.It can also be used for storing food in the refrigerator. This parchment paper is a great substitute for aluminium foil paper and plastic cling film wraps because it is microwave and oven safe and can withstand temperatures of up to 220☌. 100% FOOD SAFE, FDA APPROVED & FSC CERTIFIED: Qiwi Food Wrapping Paper is made of high-quality organic, certified food-grade paper that helps to preserve the food's nutrients and keeps the food fresh and hygienic for a longer period of time.This food grade paper is perfect for school or office tiffins and lunch boxes, cafeterias, restaurants, fast food, food trucks, picnics, barbecues, concession stands, festivals, parties, and more. Food wrapping paper elevates the presentation of food, making it more tempting and professional. ![]() MAKE YOUR FOOD APPETIZING & PROFESSIONAL: Qiwi Food Wrapping Paper is available in the classic white colour for use as food and meal liners.Bakers can also use this to make piping bags and icing cones for decoration of bakery items. MULTIPURPOSE FOOD WRAPPING: Qiwi Food Wrapping Paper is great to use for packaging, wrapping, storing, heating and conserving food items such as breads, rotis, parathas, bakery items, sandwiches, wraps, pakoras, rolls, samosas, fast food, burgers, french fries, vadas and any other greasy meals. ![]()
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