Joshua_sg
2022-12-22

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@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.
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.

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