Qiwi Wallet India Review 2022 – Is it recommended?

Qiwi as an electronic payments platform has been in India since 2011. Websites have become increasingly important in the last decade and the level of communication desired from a site and e-wallet that should be clear and informative. Spelling errors and poor punctuation are permissible mistakes, the key is that the message is transparent and understandable.

“You can make payments in favor of the companies – operators of the various services of mobile communication and utility services. The QIWI payment service offers a payment method which each user find convenient and instant.”

This is a prime example of poor communication, unfortunately this is not the only example. Bad translations lose meanings and can negatively skew people’s views. Though the site this was pulled from is intended for individuals looking to create an account, a company of the caliber that Qiwi wishes to present itself as should not have such mistakes. Attention to detail on sites that represent a company shows how seriously a company takes itself, and how much it cares about its clients’ understanding their message and having a positive experience.

QIWI Wallet is an e-wallet and transfer platform, established in 2007, built on a Visa Prepaid Account, with over 20.3 million (claimed) active consumer accounts. With QIWI Wallet users can do business directly with over 13,000 merchants. QIWI Wallet offers users the acceptance of Visa products with nearlyglobal acceptance, unmatched reliability, and unbeaten security. Trusted by traders and Poker players around the world, this company has fought for every bit of its market share.

Currently, QIWI provides a universal payment service that includes some of the most popular and convenient tools and technologies. QIWI users can make deposits electronically or in cash, as well as using bank cards and accessing personal accounts on mobile devices. The world’s largest terminal network, convenient electronic wallet, virtual and plastic QIWI bank cards open up easy access to all types of payments.

Qiwi’s services are only available to residents of Armenia, Azerbaijan, Belarus, Canada, China, Estonia, Georgia, India, Israel, Iran, Japan, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Panama, Romania, Russia, Tajikistan, Thailand, Turkey, South Korea, Ukraine, United Kingdom, & Uzbekistan.

This is an issue for traders in most of South East Asia and the majority of the world. To acquire an account with Qiwi from within a country not listed above you would need to take a vacation to a country on the list and register there; not the simplest solution. Without a phone number from a country on the list opening an account is not possible.

QIWI was founded on a strong belief in accountability and integrity. QIWI has continued to be committed to an open and honest environment where clients feel they can come forward with complaints and know they’ll be heard.

Customers can use the hotline at www.qiwi.ethicspoint.com , run by a third party – EthicsPoint. Clients are encouraged to report complaints about violation of the company’s well established standards, seek help in carrying out the procedures and share with us suggestions, experiences and any other information.

From a functional standpoint each Qiwi account being a Visa Prepaid account lends the platform Visa’s security protocols. Combined with the systems standard user security initiated when the registration process begins by verifying all platform users before they are granted full access to their account and the platforms features.

Becoming a Qiwi user from India client is simple; in order to use this service, potential clients must register for an account on the Qiwi website. Click the sign up button at the top of the homepage on the right and enter in your mobile phone number: it will be your wallet’s account number. The account’s first password will be sent via text message. You have to be a resident of one of the 26 countries listed above to be able to sign up for an account.

The pages required to create an account are all in Russian, though with Google Translate this may not be much of an issue, but without it registering would be quite difficult.

Qiwi Account Verification from India

Complete the Anti-Money Laundering requirements with your name, address, and phone number. Once the information has been entered into the system verification should be complete. After a successful initial verification clients are able to deposit, transfer, and withdraw money.

Customers cannot traditionally withdraw funds from their accounts with Qiwi by bank transfer, e-transfer, or a card transfer. Money is typically not withdrawn but used within the platform to pay for goods and services.

Currently, Qiwi India has more than 1,000 sales outlets, including about 200 kiosks in Delhi and in two nearby states. Indian customers use this payment system mostly to pay for utilities, in particular their electricity and water supplies. As a result, one of the largest utility providers whose services can be paid for through the Qiwi system is Delhi Jal Board. Capital residents are also able to pay their phone bill: with one of 12 supported providers, and to pay their digital television providers, as well as to manage their consumer credit.

In India people most often use their prepaid Visa card to withdraw cash. Though an effective way to receive money, it is less efficient if you still have to deposit the cash into your bank account.

Qiwi Physical Prepaid / Virtual Cards

 Qiwi offers 2 Cards. Accounts can be linked to a physical or virtual prepaid card. Either card can be used to make purchases from businesses that accept Visa anywhere in the world. The caveat being, the virtual card can only be used for online purchases.Users are able to load their QIWI Wallet prepaid account through different methods like the wallet itself.

Possibly the best feature of these cards is the ability to use them in ATMs to take out cash or brick and mortar stores. Though it does not offer as many perks as some of its competitors cards with cash back and other rewards. 

Trading with Qiwi

When using Qiwi as your e-wallet with a trading platform you can choose to deposit money either through a card attached to the account or a direct transfer. Log in to your trading platform and select Qiwi as your deposit method. When using the virtual Visa Prepaid card option, you will need to enter your phone number, which corresponds as the Qiwi account number, as well as the password which was sent to you via SMS. However, if you have a physical prepaid card the process is the same as using any other card. The final option is to use the internet banking method (or e-transfer), which will instantly deposit funds directly from the e-wallet in to your trading account balance.

Qiwi Mobile App

The mobile app allows customers to manage their funds, cards, as well as spend, send, and receive money while on the move. Available in both Apple and Google Stores, it is a good way to maintain access to your money anywhere.