Qiwi's 2015 Return Evaporating as Russia Recession Saps GrowthBy
ADRs slide from this year's high as consumers reduce spending
Quarterly revenue buoyed by Otkritie payment systems purchase
Qiwi Plc, the electronic-payment processor that some analysts had seen as among the companies best able to withstand Russia’s economic crisis, is succumbing to the recession as shrinking wages curb consumer spending, squelching revenue growth.
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