JP Morgan acquired 48.5% stake in payment fintech Viva Wallet
2022.12.17 13:57
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JP Morgan acquired 48.5% stake in payment fintech Viva Wallet
Budrigannews.com – A person with knowledge of the situation told Reuters on Saturday that JP Morgan has agreed to pay more than $800 million to acquire a 48.5% stake in Athens-based payments fintech Viva Wallet.
The deal was anticipated to be announced early next week, according to the anonymous source.
In January, JP Morgan made the announcement that it had agreed to purchase a stake in Viva Wallet.
The Latsis family office, which owns approximately 13 percent of the company, the British fund Hedosophia, which owns approximately 24 percent, and Deca Investments, which owns approximately 10 percent, are among the minority shareholders of Viva Wallet.
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Through its POS application, add-on Google (NASDAQ:), cloud-based Viva Wallet offers card acceptance services in 23 European countries. play devices and advanced online store payment methods.
