In this investment note, I will discuss QIWI (QIWI), which is a Russian payment solutions provider. The focus of the article will be on the Russian payment industry, QIWI's business sustainability and valuation perspective to conclude that the stock is a potential catalyst for the portfolio and has a meaningful upside in the medium to long term.
Business Overview: QIWI is a leading provider of next generation payment services in Russia and the CIS. Its integrated proprietary network enables payment services across physical, online and mobile channels. Its platform and services enable consumers to i) use cash, ii) store value and iii) make payments to order and pay for goods and services across physical or online environments...
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