Japan's Mitsui & Co. Invests in Settlement Services Company
Japan's Mitsui & Co. Ltd. has announced the signing of an agreement to acquire a 14.9% share Russia's QIWI, in a deal that was reached in late December 2010. Mitsui is making the investment as part of a larger strategy of getting involved in the area of electronic payment systems and payment terminals. Payment terminals are used extensively in the Russian market to pay utility bills, mobile phone service, and an assortment of other charges.
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