@StickyRice：JPMorgan reportedly closes on $800M acquisition of Viva Wallet JPMorgan Chase $JPMorgan Chase(JPM)$ closed on the purchase of a 48.5% stake in Viva Wallet, an Athens-based payments technology firm, for more than $800M, Reuters reported, citing a person with knowledge of the matter. The move underscores the importance the Wall Street bank places on holding a prominent position in financial technology. Viva Wallet focuses on serving small- and medium-sized businesses in 23 countries. Its services provide merchants with tap-to pay device technology, merchant cash advance, bill pay, expense management, virtual debit card issuance, cash disbursement, gift cards, and loyalty. In January, JPMorgan (JPM) agreed to buy the stake in the cloud-based fintech company, but didn't disclose the financial terms of the transaction. Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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