×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Qiwi Launching Service in Congo

The system will initially accept cash to pay bills and buy lottery tickets. Vladimir Filonov

Qiwi and Metropol will set up an instant payment service in the Democratic Republic of Congo with the participation of the Mining Bank of Congo, which Metropol owns, the Russian investment company said in a statement Tuesday.

Qiwi regional director Mikhail Kazakov said all the necessary preparations for the project have been carried out, talks are currently being held with providers and locations for the payment terminals are being chosen.

The system will initially accept cash to pay bills and distribute lottery tickets. A cash withdrawal option may be added later, the release said.

The Qiwi payment system was shown to the Congolese industry minister Monday in Moscow. He showed great interest in the project and said the government of Congo is ready to help implement the initiative, according to the statement.

The Central Bank of Congo granted a banking license to Metropol in July 2006 and, in April 2008, the president of Congo signed a resolution establishing the Mining Bank of Congo, which opened in Kinshasa in April 2009.

Qiwi operates in Russia and 15 other countries, including Kazakhstan, Bulgaria, Romania, China, Malaysia and South Africa. The company is controlled by a group of managers led by chief executive Andrei Romanenko, who own 63.7 percent. Qiwi-Mail.ru Group owns a 21.35 percent stake. Mitsui of Japan acquired 14.9 percent of Qiwi in December 2010 for $96.1 million and valued the entire company at $644 million.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more