M&A Deal Summary

QIWI Acquires CONTACT

On May 14, 2015, QIWI acquired financial services company CONTACT from Otkritie Financial Group

Acquisition Highlights
  • This is QIWI’s 2nd transaction in the Financial Services sector.
  • This is QIWI’s 3rd transaction in Russia.

M&A Deal Summary

Date 2015-05-14
Target CONTACT
Sector Financial Services
Buyer(s) QIWI
Sellers(s) Otkritie Financial Group
Deal Type Divestiture

Target

CONTACT

Russia
CONTACT operates a payment system. CONTACT system laid the foundations of the Russian market of remittances and is currently one of its leaders in Russia and CIS countries. CONTACT pool of partners consists of more than 900 financial institutions in Russia and abroad, which form an extensive network of service points - 400 000+ POS, including payment terminals, in more than 170 countries. CONTACT system also processes payments to the more than 1,500 legal entities - commercial banks, trading companies, insurance and travel companies and their agents, Internet service providers, telecom operators, etc.

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Buyer(S) 1

Buyer

QIWI

Nicosia, Cyprus

Category Company
Founded 2007
Sector Internet Software and Services
Employees2,865
Revenue 40.6B RUB (2020)
DESCRIPTION

QIWI is a provider of next generation payment services in Russia and the CIS. It has an integrated proprietary network that enables payment services across physical, online and mobile channels. Qiwi was founded in 2007 and is based in Nicosia, Cyprus.


DEAL STATS #
Overall 4 of 7
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: Russia M&A 3 of 5
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Rapida

Moscow, Russia

Rapida Ltd. is the oldest national payment system in Russia. Company provide financial services under a direct license of Bank of Russia since 2001. Company approach is based on a long-term experience of leading international payment systems and cutting-edge developments in sphere of electronic payments. Rapida cooperates with many domestic and foreign banks, B2C service providers, retail networks, both big and small local and national partners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Plati Potom

Moscow, Russia

Plati Potom develops innovative post payment solutions for e-commerce and offline retailers as well as cutting-edge data analysis and credit risk management tools. Core focus areas of Plati Potom include research and implementation of various technologies like data science in the fields of payments, e-commerce and credit risk management.

Buy -

Seller(S) 1

SELLER

Otkritie Financial Group

Moscow, Russia

Category Company
Founded 1995
Sector Financial Services
DESCRIPTION

Otkritie Financial Group is a full-service financial group offering retail, corporate and institutional clients a wide range of banking, investment and insurance solutions. Otkritie's total assets exceed RUB 4 trillion. Otkritie's banking business ranks first among Russian major private banks and fourth among Russian banking groups by assets. Otkritie's banking network includes approximately 700 branches of various formats and 4,000 ATMs across 60 key regions of Russia. Otkritie employs more than 22,000 people serving 4 million individuals and 186,000 legal entities.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Russia M&A 2 of 2
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Rapida

Moscow, Russia

Rapida Ltd. is the oldest national payment system in Russia. Company provide financial services under a direct license of Bank of Russia since 2001. Company approach is based on a long-term experience of leading international payment systems and cutting-edge developments in sphere of electronic payments. Rapida cooperates with many domestic and foreign banks, B2C service providers, retail networks, both big and small local and national partners.

Sell -