QIWI Announces the Sale of its stake in Tochka Project
Retrieved on:
Wednesday, July 21, 2021
Tochka is QIWIs equity associate that was established by QIWI, Otkritie Bank and Tochkas management team in June 2018.
Key Points:
- Tochka is QIWIs equity associate that was established by QIWI, Otkritie Bank and Tochkas management team in June 2018.
- QIWI Bank and Otkritie Bank both provide banking services to Tochka clients, while Tochka handles IT infrastructure, support and related services.
- The total amount of investment that QIWI made into the Tochka project equals to RUB 2.1 billion.
- Throughout the holding period QIWI has also received RUB 0.6 billion in dividends from Tochka.