SBI Holdings: Concluded a basic agreement on investment in QIWI Platform LLC
- QPlatform an integration platform with a cloud infrastructure which designed to help traditional banks to integrate various innovative solutions
- Russia is recently experiencing greater penetration rates for fintech services such as cashless payments, interbank transfers utilizing phone numbers
- QIWI owns and utilizes its global network of over 130,000 payment terminals
- It is the largest provider of payment services in Russia, processing 1 trillion rubles in payments annually and boasting more than 42 million users
- Its subsidiary QPlatform operates a platform that brings together a multitude of services offered by fintech companies throughout the world
- By utilizing this platform, banks are also able to offer fintech services at one-stop
to match their customers’ needs
