Qiwi Expands Terminal Network With New Acquisition

Russia-based payment services provider Qiwi has announced its acquisition of Blestgroup Enterprises Limited, a company that owns long-term contracts to more than 1,200 retail terminal spaces throughout the country, a December 27 press release revealed.

Prior to the deal, Qiwi owned 37.5 percent of the company’s shares.

“The deal will allow us to strengthen our business and provide our agents the best places throughout Russia,” CFO Qiwi Alexander Karavayeva said in a statement.

For more on Russia’s love of cash and how it compares to other emerging markets, read our most recent analysis of the market, and Qiwi’s services, here.

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