The big deal JP Morgan and Viva Wallet is finally closed, after many months of negotiations. The US banking giant officially announced on Tuesday that it has agreed with Viva Wallet and its existing shareholders to acquire a stake of approximately 49%, with the agreement subject to approvals by the Regulatory Authorities. The financial terms of the transaction were not announced.
“We are very excited to make our strategic investment in Viva Wallet to support its vision to bring new growth and innovation in payments to European small and medium-sized enterprises and medium-sized enterprises,” said Takis Georgakopoulos, Head of JP Morgan Payments .
“Europe ‘s payment landscape is fragmented but large in terms of opportunities, with over 17 million traders “They are ready to implement scalable payment solutions and this is a big area for JP Morgan to grow in the future.”
“Viva Wallet’s goal is to change the way businesses in Europe make and receive high-tech payments, with unprecedented flexibility and in-depth knowledge of Europe’s payment landscape,” said Haris Karonis, CEO and co-founder of Viva Wallet.
“This strategic investment by JP Morgan Payments will allow us to complete the building of our vision to provide fully local services. payments and transactions in small and medium-sized enterprises in Europe “, he added.
According to JP Morgan Payments, the strategic investment in Viva Wallet is a natural partnership for its economic activity – which combines business accounting services, trade finance, card capabilities and trading services – to provide a comprehensive experience. payments to customers across the economy.
“The strategic investment in Viva Wallet demonstrates our confidence in its technology and team that already offers a holistic retail opportunity in Europe and better serves small and medium-sized enterprises,” said Max Neukirchen, Head of Payments & Commerce Solutions at JP Morgan.
JP Morgan’s agreement with Viva Wallet came after the company recently announced a strategic partnership with Volkswagen Financial Services AG, with a plan to acquire a controlling stake close to 75% on the payment platform subject to approval by the regulatory authorities.
All the news
Follow Skai.gr on Google News
and be the first to know all the news
.
