Qiwi (QIWI) has released an update.
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Qiwi, a leading fintech innovator, has deferred the second installment payment of RUB 11,875 million for its Russian assets sale to August 19, 2024, following a request from the buyer due to complications in the Russian business environment. The extension was granted by Qiwi’s Board of Directors after the buyer, Fusion Factor Fintech Limited, faced challenges in sourcing funds timely, partly due to the revocation of QIWI Bank’s license by the Central Bank of Russia. Qiwi’s shares are traded on NASDAQ and the Moscow Exchange, with a commitment to connecting companies and consumers through their advanced fintech solutions.
For further insights into QIWI stock, check out TipRanks’ Stock Analysis page.
