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Qiwi Bank says no signs of bankruptcy amid Russian licence revocation

Qiwi Bank says no signs of bankruptcy amid Russian licence revocation Feb 26 (Reuters) - Digital bank Qiwi, whose Russian licence was revoked by the Russian central bank earlier this month, said on Monday it saw no sign of bankruptcy in its operations and a liquidation process agreed in January should proceed without difficulty. Nasdaq-listed Qiwi QIWI.O , a Russian analogue to PayPal, had 29 million users at the end of 2022 and 13.8 million active wallets.

Geoff Seeley Joins Paypal As Chief Marketing Officer

BRIEF-Geoff Seeley Joins Paypal As Chief Marketing Officer Feb 26 (Reuters) - PayPal Holdings Inc PYPL.O : GEOFF SEELEY JOINS PAYPAL AS CHIEF MARKETING OFFICER Source text for Eikon: ID:nPnBG3Tpa Further company coverage: PYPL.O

Payments fintech Block climbs after strong earnings forecast

UPDATE 2-Payments fintech Block climbs after strong earnings forecast Updates shares in paragraphs 1-2 Feb 23 (Reuters) - Shares of Jack Dorsey-led Block SQ.N jumped nearly 20% in early trading on Friday following premarket gains as cost cuts helped the payments firm forecast first-quarter core earnings above Wall Street expectations. The stock was trading at $81.39, adding more than $8 billion to the company's market value.

Block outlook tops earnings estimates, boosting shares 12%

UPDATE 2-Block outlook tops earnings estimates, boosting shares 12% Adds 2024 profit guidance in paragraph 3, CEO comment and quarterly net loss in paragraphs 7-8 By Hannah Lang Feb 22 (Reuters) - Shares in Jack Dorsey-led Block SQ.N surged 12% on Thursday after the payments firm forecast adjusted core earnings for the current quarter above Wall Street estimates, betting on continued consumer resilience and its cost-cutting measures.

Russian payment providers knocked offline after Qiwi Bank licence revoked

UPDATE 3-Russian payment providers knocked offline after Qiwi Bank licence revoked Recasts with wider impact, adds detail throughout By Elena Fabrichnaya, Oksana Kobzeva and Alexander Marrow MOSCOW, Feb 21 (Reuters) - Payment services used by Russians to transfer money overseas were knocked offline on Wednesday after the central bank revoked digital bank Qiwi's licence, sending its Moscow-listed shares plummeting almost 50% to a record low.


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