Rapid NGO

Limited Liability Company Non-Bank Credit Organization "Rapida Payment System" is one of the oldest payment systems in the country: the company has been successfully operating in the instant payment market since 2001.

Areas of activity

The main activity of LLC NPO Rapida is to provide credit institutions and other legal entities and their clients with services in the field of retail settlements.

As of July 2014, Rapida offers its customers a large network of payment points, including cash desks of household appliances stores, cellular networks, self-service terminals and ATMs. You can instantly pay for goods and services, carry out banking operations and transfer funds in more than 100,000 points throughout Russia. The transfer of funds to the accounts of the recipient of the payment can also be carried out using the mobile phone and the Rapida Online payment service.

The Rapid payment system has a license of the Central Bank of the Russian Federation No. 3371-K dated 28.05.2001 (No. 3371-K dated 30.08.2004) for banking operations.

History

2017: Bank of Russia delisting payment systems operator

On March 17, 2017, the Bank of Russia registered KIWI Bank (JSC) as the operator of the Contact payment system in the unified register of payment operators. Since the same date, NPO Rapida LLC has been excluded by the Bank of Russia from the list of payment systems operators. Both credit institutions are part of the Qiwi Group. Read more here.

2015: Qiwi Group buys Contact money transfer system and NPO Rapida

In May 2015, QIWI plc announced an agreement with Otkritie Financial Group to acquire a 100% stake in the Contact money transfer system and Rapida NPO. Under the terms of this agreement, QIWI will issue 5,593,041 B shares to Otkritie Finance Group in exchange for a 100% stake in Contact and Rapida. In addition, in connection with this acquisition, QIWI and the Otkritie Financial Group intend to conclude a cooperation agreement with the aim of bringing new products and services to the financial services market.

According to the company's forecasts, due to the acquisition of Contact and Rapid, Adjusted Net Revenue and QIWI Adjusted Net Profit will increase after the closing of this transaction by approximately 15-20% in 2015. The transaction will be carried out before the end of the second quarter of 2015 and will be carried out in two stages taking into account the standard conditions for such transactions, including the receipt of agreements from the relevant state regulatory authorities.

2014

Assets amounted to 1 billion rubles

According to the 01.10.14, the company's assets under RAS amounted to 1.0 billion rubles, the amount of own funds - 31.1 million rubles, profit before tax for 9 months of 2014 - 31.1 million rubles.

Expert RA assigns credit rating to Rapida Processing Center at A level

In the fall of 2014, Expert RA Rating Agency (RAEX) assigned the credit rating of Rapida Processing Center at A High Level of Creditworthiness, the first sublevel, the rating forecast is stable, which means a high probability of maintaining the rating at the current level in the medium term. This was reported in the official press release of the rating agency.

Expert RA notes that the company's rating rating is positively influenced by an acceptable level of profitability (for 9 months of 2014, ROE was about 20%) and the strong competitive position of Rapida LLC, which is part of the same group as Rapida Processing Center, in the profile market segment (Rapida LLC ranks 5th in terms of assets among NGOs Russia in the 01.10.14). The rating is supported by high indicators of business activity and a high probability of support from the owner - Otkritie FC Bank OJSC.

Creation of a holding company with the Contact system

In July 2014, Rapida and Contact payment systems announced a new stage of strategic partnership

Shareholders of the Rapid payment systems and Contact signed an agreement on the creation of a holding, which should become one of the largest players in the Russian market for electronic payments and money transfers. In the created holding, 70% will be owned by Rapida shareholders, 30% - by Contact shareholders.

The holding will combine the Rapid and Contact payment systems. Within the framework of this project, companies will retain their existing brands and focus on the current lines of business in which they occupy a leading position. Rapida will continue to specialize in the segment of payments to service providers and banks, and Contact will continue to develop the direction of money transfers.

The projected turnover of the holding by the end of 2014 will amount to 800 billion rubles, the number of payment points will exceed 500 thousand - these indicators correspond to a place in the top 3 largest participants in the electronic payment market.

period of strategic cooperation, we were able to conduct a more thorough analysis, as a result of which we were convinced that companies have similar approaches to doing business and vision of their strategic development, and the existing competencies and market segments in which they work are complimentary to each other. In this regard, the most effective option is further work within the framework of a single holding, "said Georgy Shabad, a member of the Board of Directors of the Rapida NGO

"The creation of a holding based on the Contact and Rapid systems will be an important stage in the development of the entire payment services market and will significantly strengthen the competitive advantages of both companies, allowing them to localize innovative projects in the development of the latest payment products and services, as well as intensify work on their implementation and launch to markets, including international," - said the head of the Contact payment system Alexey Abrameitsev.

2011: Joining the Otkritie Financial Corporation Group

In 2011, LLC NPO Rapida joined the Otkritie Financial Corporation Bank group (until June 2014, NOMOS-BANK Group). NPO Rapida is the operator of the CONTACT payment system.