JP Morgan signs deal for stake in FinTech Viva Wallet for over $800mn
In brief:
- JP Morgan has signed a deal to buy a stake in Athens-based payments fintech Viva Wallet
- The stake is to be acquired from Viva Wallet's minority shareholders
- Viva Wallet operates in 23 countries across Europe and provides card acceptance services through its POS application, add-on Google play devices and advanced payment systems in online stores
What does this mean?
The deal is set to be announced early next week and will see JP Morgan acquire a 43.8% stake in Viva Wallet.
