Dec 20, 2022, Athens Today, J.P. Morgan announces it has closed on a 48.5% ownership stake in Viva Wallet Holdings Software Development S.A. (Viva Wallet), a leading European cloud-based payments fintech company. The agreement between J.P. Morgan and Viva Wallet was announced in January 2022.
We are excited to close this important strategic investment for the firm. We believe the European payments space is a major growth opportunity in the years to come. With its strong platform and omnichannel merchant acquiring capabilities, Viva Wallet is primed to build on its leading position with small and midsize businesses in the region. We are delighted to be part of their journey.
Takis Georgakopoulos
Global Head of J.P. Morgan Payments
The closing of this transaction reinforces J.P. Morgan’s commitment to its European payments clients, as well as Greece and the thriving technology and payments ecosystem in the country. In November, J.P. Morgan announced a plan to open a new payments innovation lab in Athens as a research & development home for its Payments business.
J.P. Morgan’s Payments business – which combines corporate treasury services, trade finance, card and merchant services capabilities – delivers an integrated payments experience to clients across the economy. Operating at the forefront of payments innovation, J.P. Morgan is focused on helping companies of all sizes succeed in an era of digital transformation and evolving customer expectations.
To learn more about how we can support your business, please contact your J.P. Morgan representative.
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