19 June 2018
Visit www.gemalto.com

Visa and Qiwi combine for Russian mobile payments roll out

18 August 2015  |  9143 views  |  1 Moscow skyline

Visa has installed its payWave application on Russia's popular Qiwi e-wallet, putting mobile contactless payments into the hands of millions of Russian consumers.

The co-branded Visa/Qiwi wallet uses cloud-based HCE technology to bring mobile payments to NFC-enabled devices operating on Android 4.4 or higher for use in stores across Russia and worldwide.

The Visa Qiwi Wallet account can be topped up in any of more than 100,000 QIWI kiosks throughout Russia, by linking a bankcard, or from a mobile phone account. The contactless Visa payWave solution is pre-installed in the new version of the e-wallet.

Qiwi currently claims 17.3 million users for its mobile e-wallet, while over the past year, the number of transactions made with Visa payWave in Russia has increased four times and volumes seven-fold.

Andrew Torre, country manager for Visa Russia, comments: "In Сemea, Russia ranks first in terms of the penetration of contactless payments made with Visa payWave cards. These facts convincingly prove that this technology is popular among cardholders, primarily due to its convenience and security. All you need to do is to hold your Visa payWave card or, now, your smartphone with the Qiwi Visa Wallet app installed, up to the terminal."

Comments: (1)

A Finextra member
A Finextra member 18 August, 2015, 12:56

Kudos to Visa - they are picking up pace in Russia where MasterCard used to lead the way. 

Kiosks for topping up token-based HCE solution?!. Am I missing something here?..

Be the first to give this comment the thumbs up 0 thumb ups!
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Russian man embeds transit chip in own hand

Russian man embeds transit chip in own hand

19 June 2015  |  8653 views  |  15 comments | 17 tweets | 11 linkedin
MasterCard agrees Russian processing deal

MasterCard agrees Russian processing deal

12 January 2015  |  7028 views  |  0 comments | 9 tweets | 9 linkedin
Russia's National Payment System gears up for pilot

Russia's National Payment System gears up for pilot

09 December 2014  |  8891 views  |  0 comments | 9 tweets | 11 linkedin
Visa and MasterCard given Russian boost

Visa and MasterCard given Russian boost

02 July 2014  |  7033 views  |  1 comments | 7 tweets | 9 linkedin
Russian Standard Bank enables mobile payments on Samsung smartphones

Russian Standard Bank enables mobile payments on Samsung smartphones

30 June 2014  |  7341 views  |  2 comments | 10 tweets | 8 linkedin
MasterCard seeks Russian processor

MasterCard seeks Russian processor

17 June 2014  |  6499 views  |  0 comments | 2 tweets | 3 linkedin
Sberbank preps SE and HCE mobile wallets

Sberbank preps SE and HCE mobile wallets

09 June 2014  |  9259 views  |  7 comments | 9 tweets | 4 linkedin
Visa and MasterCard face heavy price for Russian business

Visa and MasterCard face heavy price for Russian business

06 May 2014  |  10175 views  |  5 comments | 16 tweets | 12 linkedin
Putin vows to build Russian rival to Visa and MasterCard

Putin vows to build Russian rival to Visa and MasterCard

27 March 2014  |  17973 views  |  14 comments | 30 tweets | 16 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit equensworldline.comVisit https://info.nice.com/Visit www.aciworldwide.com

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48920 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10726 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9632 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8463 views comments | 8 tweets | 21 linkedin
NatWest taps Open Banking for cardless online paymentsNatWest taps Open Banking for cardless onl...
8108 views 11 comments | 12 tweets | 12 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job