QIWI Wallet

QIWI is a Russian payments business with various areas of activity, including a bank, an e-wallet, kiosks and a logistics arm. The QIWI Wallet is based on a prepaid account, which can be used to pay more than 13,000 merchants, including various e-commerce, utility and government providers.

Only 20% of Russians and Kazakhs have a credit card. And consumers use cards to pay for only half of all online purchases.

Other e-wallets operating in the region include UnionPay, Skrill and PaySera.

The benefits of supporting e-wallets in Russia and Kazakhstan

  1. If you don’t support alternative payment methods, half of all Russian e-commerce is closed to you.
  2. Russian pay for 29% of online purchases using e-wallets.
  3. Between 2021 and 2025, the e-commerce market will grow from US$55bn to US$116bn.
We currently don’t offer this payment method. Get in touch to see what other options we have. Get in touch
Type Cash, Wallet
Company behind LPM KIWI Bank (JSC)
Market share details 20.3 m users
Market relevance High

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