JPMorgan reportedly closes on $800M acquisition of Viva Wallet
"JPMorgan Chase (NYSE: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."
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