Fusion Factor Fintech Limited agreed to acquire Russian assets of JSC Qiwi for RUB 23.8 billion on January 19, 2024. Payment on the deal will be made in several installments over four years, including 11.875 billion rubles within four months after entering into the transaction and the remaining 11.875 billion rubles in four equal annual installments starting in the fourth quarter of 2024. Upon closing of the transaction, Protopopov will immediately resign his offices as a director and the CEO of Qiwi but will continue to head the business of JSC Qiwi.

The group's current CFO, Alexei Maschenkov will be appointed as the successor CEO of Qiwi, and Elena Nikonova, currently his deputy, will be appointed as the CFO of the Company. TThe deal has been approved by Russian regulators and Qiwi's board of directors.