QIWI, DHgate and SPSR Express Sign Cooperation Agreement and Announce Partnership in Russia

NICOSIA, Cyprus, Sept. 2, 2015 (GLOBE NEWSWIRE) -- QIWI plc, (NASDAQ:QIWI) (MOEX:QIWI) ("QIWI" or the "Company") today announced that it had signed a partnership agreement with DHgate.com, a leading e-commerce marketplace focused on cross-border trade of Chinese goods, and SPSR Express, Russia's leading express delivery company.

On August 31, 2015 in Beijing, representatives of QIWI Group, SPSR Express and DHgate.com signed a memorandum of cooperation. Partnership with QIWI allows DHgate.com to offer Russian customers convenient online and offline payment services using Visa QIWI Wallet and payment kiosks, while cooperation between DHgate.com and SPSR Express will reduce delivery times for Russian buyers.

Moreover, DHgate.com in cooperation with QIWI and SPSR Express soon will offer Russian customers a unique "Payment on delivery" option as one of the payment methods.

Delivery of goods purchased on DHgate.com to customers in Russia will be processed either by SPSR Express couriers or through Pickpoint parcel terminals, with an option to pay at the time of the order pick up (cash on delivery).

Diane Wang, CEO of DHGate.com said: "In the past few years, the Russian market achieved significant growth in cross border e-commerce. As one of the leading and biggest players in cross border B2B e-commerce, DHgate is highly devoted to the Russian market, and constantly improving local customer service and experience. To better serve our Russian customers, DHgate joins hands with QIWI and SPSR, to offer unique cross border cash-on-delivery services, aiming to bring Chinese goods to local buyers in a safer, faster and more convenient manner."

Edwin Lukanov, QIWI's Projects Director of E-Commerce & Logistics, said: "Taking into account the steady increase in e-commerce turnover with China, we see great opportunities for developing logistics and payment areas of our business in cooperation with DHgate. We are grateful to our partners for their commitment to implementing innovative payment services that we hope will be appreciated by Russian customers. Our project can be an additional driver for Russian e-commerce market."

Alex Vassiliev, International Business Development Director of SPSR Express, said: "This agreement has a great importance for SPSR Express as it brings our business in China to the new level. We are proud to be selected by one the leading marketplaces in China; it proves once again that our focus on the Chinese market is paying off."

Stanislav Savelyev, head of the "Cash on Delivery" project, added: "This is a revolutionary solution. None of the world's leading marketplaces are offering such options for cross-border purchases in Russia."

About QIWI plc:

QIWI is a leading provider of next generation payment services in Russia and the CIS. It has an integrated proprietary network that enables payment services across physical, online and mobile channels. It has deployed over 17.0 million virtual wallets, over 176,000 kiosks and terminals, and enabled merchants to accept over RUB 50 billion cash and electronic payments monthly from c. 70 million consumers using its network at least once a month. QIWI's consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or online environments interchangeably.

About DHgate:

Founded in 2004, DHgate is the first-to-market, transactional e-commerce platform focused on cross-border trading China goods. More than 5.5 million enterprise and consumer buyers from more than 200 countries source goods through DHgate, including consumer electronics, cell phones accessories, health and beauty, and fashion and bridal. DHgate is the second online retail company founded by Diane Wang - she previously sold joyo.com to Amazon in 2004, today known as Amazon China. The company is headquartered in Beijing and has teams and offices across the globe. Learn more at www.dhgate.com

About SPSR Express:

SPSR Express is the biggest privately owned express delivery company in Russia with over 200 branches across the country, over 4000 employees and coverage area of more than 6600 cities and towns. SPSR also operates the biggest automated parcel lockers and parcelshops in Russia with over 2000 locations in more than 200 cities across the country.

CONTACT: Yakov Barinskiy Head of M&A and Investor Relations +7.499.709.0192 ir@qiwi.com Varvara Kiseleva Investor Relations +7.499.709.0192 ir@qiwi.com

Source:QIWI plc