Since the launch in 2007, Qiwi stock has been spreading itself across the globe showing investors what its capable of. This publicly-traded company is known for providing online payment services that cater primarily to many major centers, including:
• The United States
• United Arab Emirates
Who is Qiwi?
Qiwi gives its users access to online payments through mobile phone and tablet apps. With a range of options, including bank cards, social network currencies, and Qiwi Visa Plastic, they have changed the market. You can find the Qiwi Wallet and Qiwi Advertising abundant in major centers helping users every day. Including Qiwi terminals that are card vending machines and handle POS (Point of Sale), popularity has grown exponentially worldwide. This popularity is seen through the Qiwi stock prices over the years.
Major shareholders of Qiwi stock encompass retail and institutional investors around the world. Some of these top investors are:
• Acadian Asset Management LLC
• JPMorgan Chase & Co.
• Cape Ann Asset Management Ltd.
• Skandinaviska Enskilda Banken AB publ
• Grantham Mayo Van Otterloo & Co. LLC
• ETF Managers Group LLC
The Founders of Qiwi
Qiwi was founded in 2007 by Sergey Solonin and Andrey Romanenko, and the Qiwi brand was established in 2008. Since that time, Qiwi has branched out to Touch technology, Qiwi Wallet, Qiwi Visa cards, and more. Qiwi aims to provide users worldwide with secure and convenient ways to make payments, both regular and requisite. Evolving for the consumer market is how Qiwi stock has gained recognition over the years, giving investors a solid return.
Recently, the Co-Founder of Qiwi, Sergey Solonin has opted to loan his investment of $17 million back to Telegram. This big news comes as Telegram’s blockchain project TON was halted following a disheartening few weeks for the project. Solonin believes in the team at Telegram and that 30% of investors will help by lending their investments back also.
How is the Qiwi Stock Moving Lately?
At the time of writing, Qiwi stock sits at $13.68 USD and has its sights on going higher. The 1st quarter for Qiwi hasn’t been a favorable one, but some feel the COVID-19 pandemic is to blame. Before Coronavirus was certified a pandemic, Qiwi stock was listed at $14.67 and has since dipped down by 6.7%. Qiwi stock isn’t the only one in the market hit by the Coronavirus and will have to recoup its losses. As the world begins to regain momentum, Qiwi is hoping to rise again and give investors the upswing they want.
With a market capitalization of approximately $833 million and generating $635 million in revenue, Qiwi stock has solidified its niche. Many future predictions for the following year boast an increase of 68% from the current price of Qiwi stock. A trusted investment for many, Qiwi continues to perform year after year and evolving for the worldwide financial markets. Investors are anxious to see how Qiwi stock will perform over the next quarter after the pandemic economic crisis subsides.