“Congratulations on the very important success of the company in attracting the interest of a banking giant such as JP Morgan. I consider a very important vote of confidence in the company, but also in the country as a whole this investment. I am especially happy when innovative Greek companies can and are distinguished in terms of valuations “noted the Prime Minister, Kyriakos Mitsotakis, addressing the employees of Viva Wallet during his visit to the company’s headquarters
He added that Greece is not only a country that relies on tourism and its wonderful beaches, but there is a human resources in the field of technology, “which makes us very optimistic that technology will be an increasing part of its GDP. country ».
“I’m just happy about the fact that the legislation on Stock Options which is our creation is applied in practice, with the result that the added value that is created is disseminated to all employees. For me this is a new business management model.
This participatory -let’s say- capitalism around Start Up is the model of the future. This is what ultimately connects the success of the company with the well-being of the employee. And I think what we see here we see in many Greek Start Up. “Another culture of collective work, another working environment, we are essentially rewriting the rules of working relations for the better”, stressed Kyriakos Mitsotakis.
For his part the CEO & Co Founder of Viva Wallet, Harris Karonis, underlined that “this investment has been combined with a move that was made to actually mature the program, the Share Option plan, that we have in the employees of the company and this thanks to a law that has been made by the government. I think it has very positive results and we would like to thank you for that. “
Job initiatives
The Prime Minister also referred to the wider network of policies in favor of labor and the increase of workers’ incomes, which the government has received. “It’s not just stock options, we abolished it, you know very well, the solidarity contributionwe reduced them employer contributions, so we made labor taxation much lower because that also plays a role because ultimately what you are interested in is not pre-tax earnings is what is ultimately left after taxes. “So, by abolishing the solidarity contribution and reducing the employer contributions, we help employees to have more disposable income, which is essentially the main defense we have against inflationary pressures,” he stressed.
Mr. Mitsotakis also referred to the great changes that have been achieved in digital transformation of the state. “I think what has been done in the digital state is something that is credited to us as a great revolution in the way we can do business as citizens and as businesses with the state.”
Kyriakos Mitsotakis was given a tour of the company’s premises, held a meeting with the executives and then participated in a discussion with the employees. The meeting with the executives was attended by the CEO & Co Founder of Viva Wallet, Haris Karonis, the CIO & Co-Founder of Viva Wallet, CEO Vivabank, Makis Antipas, the Senior VP for Strategy & Business Development, Giannis Larios, the Senior VP for Corporate Development, Dimitris Makris, the Legal & Compliance Director of the company, Vicky Goutzamani as well as the Management Consultant & President of Vivabank, Vassilis Trapezanoglou. From the government side, the head of the Prime Minister’s Finance Office, Alexis Patelis, participated.
The Prime Minister’s visit comes about a week after Kyriakos Mitsotakis’s meeting with JP Morgan Chase President and CEO Jamie Dimon at the Maximos Palace, after JPMorgan announced that it would acquire a 48.5% stake in Viva Wallet , in a move that is a “vote of confidence” in Greece. After Microsoft, Amazon, Google, Pfizer and Cisco, JP Morgan confirmed that Greece is now a hub for the entire Balkan region and the Eastern Mediterranean. This development follows substantial government reforms that improve the country’s attractiveness, upgrade the investment environment, and increase employment with new, well-paid jobs.
The investment by JPMorgan Chase
According to JP Morgan Payments, the strategic investment in Viva Wallet is a business-oriented partnership – combining business accounting services, trade finance, card capabilities and trading services – to provide a comprehensive payment experience to customers across the economy.
Employee benefits from Viva Wallet’s Share Option program
Viva Wallet created an ambitious Share Option Plan in 2018, with the aim of attracting and retaining a high level of human resources, while making them “intrapreneurs”.
In addition, it aims to reward the people who for a very long time (in some cases more than 10 or even 20 years) work in the company. Through the share option program, Viva Wallet has distributed 35,000 shares to 200 people. These options will be secured as shares at the close of the Viva Wallet – JPMorgan transaction and will be purchased by the holding companies (WeRealize and JPMorgan) at an agreed transaction price.
The Prime Minister was accompanied during his visit by the Head of the Finance Office of the Prime Minister, Alexis Patelis and the Director of the Press Office, Dimitris Tsiodras.
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