Qiwi plunges; Russia reportedly mulling new payments regulations

|By:, SA News Editor

Russia's Kommersant reports the Russian government is weighing regulations (as part of an anti-terrorism law) that would restrict domestic payments made via anonymous electronic wallets, and ban cross-border payments made using them.

Shares of Russian online payments leader Qiwi (QIWI -19.6%) aren't responding well to the report. Going into today, shares had risen over 3x from a May IPO price of $17, aided by good earnings news.