![]() To add Qiwi as a payment method, you need to find an acquired bank or payment service provider that offers Qiwi.įinally, we hope that this article will admire you and we are pleased to communicate to give you the most important recommendations, services, forex, wallets, and others. How do you integrate QIWI as a payment method on your website?Īs a merchant, you need a Qiwi e-wallet to reach the Russian, Ukrainian and Kazakh audiences. Keep in mind that it is calculated according to Qiwi wallet excِhange rate. For payments in US dollars, this amount is equivalent to RUS $15,0ِ00. The user selects the payment option he wants to use and enters his password to complete the payment.įor payments in the Russian ruble, the maximum transaction is 15,000 Russian roubles. The user is then redirected to the Qiwi payment page. On the payment page, the user chooses the Qiwi payment method. Let’s take a look at how the Qiwi wallet works once the merchant adds it as a payment method: Statistical on QIWI e-wallet Take a look at some statistics on Qiwi’s e-wallet:Ģ00,000 payment centers in Russia, Kazakhstan, and Ukraine.ħ,600,000 active eWallet accounts (total 47 million registered accounts). The fundamental difference between Qiwi and other electronic wallets is that Qiwi accounts can be accessed via both cash terminals and any smartphone. Qiwi has 200,000 cash stations operated by OSMP. The service’s main advantage is its full availability in the Internet-connected and offline worlds. The electronic wallet was launched by OSMP Group, the most important network of Russian cash stations. When the brand (with its kiwi logo) was presented to the public in 2007, the company was not small at all. Qiwi is one of the largest Russian electronic wallets. Countries integrating payment methods from Qiwi e-wallet Payment method is uncommon outside the above areas. QIWI is today the best solution for traders wanting to penetrate Russia, Ukraine, and Kazakhstan. ![]() They can then be used to make purchases from retailers who accept Visa worldwide. Moreover, the Qiwi account can be automatically linked to a virtual or actual prepaid card. Qiwi’s portfolio provides users with access to Visa products with universal acceptance and security. Thanks to Qiwi Wallet, consumers can pay safely for more than 10,000 traders. Today, it faces more than 20.3 million active consumer accounts. ![]() With Visa’s backing, theQiwi Wallet stands a good chance of becoming a major player in the e-commercemarket as it matures.įor more information on the Russian payments market and thee-commerce segment in particular, see Mercator Advisory Group’s researchreport, Introduction to the RussianPayment Market, published in April 2013, and look for an upcoming webinaron the topic.Qiwi e-wallet is based on Visa’s prepaid account. However, the potential for the payment segment is there, and accordingto Mercator Advisory Group estimates, the e-commerce market could grow byupwards of at least 25 percent in the coming years. The success of the Qiwi and the Visa Qiwi Wallet will relyon jump starting the e-commerce market because currently Russia’s e-commercemarket accounts for no more than 2% of retail sales according to industrysources. Furthermore,payment volume on the wallet jumped 107 percent in Q1 to $1.73 billion and theaverage volume per wallet was $133. According to filings, the Visa Qiwi Wallet made morethan $16.2 million in revenue in the first quarter of 2013. ![]() Since its creation, the wallet has enjoyedgreat success to date. Qiwi then passes on a portion of the processing feeto its agents who run the kiosks. When Qiwi account holders make a transaction, the merchantpay Qiwi a processing fee. To boost it competiveness,Qiwi offers Visa branded virtual wallets, which allow customers to pay billsand make purchases using their cellphones in the e-commerce marketplace. According to Qiwi, morethan 47,000 merchants accept payments over its network and that more than 60million consumers use the network at least once a month. With more than 165,000 nonbank self-service payment kiosksin Russia and other former Soviet Republic states, Qiwi allows account holdersto deposit cash at the kiosks and then pay bills or top off mobile-phoneminutes without ever having to enter payment card data. With electronic payments very much in its infancy in Russia(estimates by Russia’s Central Bank suggest 90% of Russians use cash to paybills and make purchases) Qiwi and Visa have teamed up to boost e-commerceacross the country.
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