QIWI Group Joins “Fintech” Association

QIWI plc (NASDAQ:QIWI) announced its participation in the “Fintech” Association founded by the Central Bank of the Russian Federation together with the largest Russian financial market participants including Sberbank, VTB, Alfa Bank, Gazprombank, Otkritie FC and the National System of Payment Cards (NSPK). QIWI’s CEO Sergey Solonin was appointed the CEO of the Association during the meeting held by the Bank of Russia representatives and the founders of “Fintech” Association on December 28, 2016.

As quoted in the press release:

Sergey Solonin commented: “We understand that the future development of the Russian financial market requires new approaches.  A new technological environment is needed to create the growth potential. Therefore, we consider the technological development of the financial and adjacent markets as one of our key priorities.”

Research and implementation of promising forward-looking technologies including in the fields of distributed ledgers, open interfaces (open API), remote identification, and creation of the integrated payment space for physical and legal persons are also among core focus areas of the Association.

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