J.P. Morgan announced the completion of the acquisition of 48.5% of Viva Wallet (Viva Wallet Holdings Software Development S.A.).
According to the American company, the completion of this transaction reinforces the commitment of J.P. Morgan to its European payments clients, as well as to Greece and the thriving technology and payments ecosystem in the country. In November, J.P. Morgan has announced plans to open a new payments innovation lab in Athens as a research and development headquarters for its payments business.
“The Payments sector of J.P. Morgan – which combines the capabilities of corporate cash services, trade finance, cards and merchant services – provides a comprehensive payments experience to customers across the spectrum of the economy. Operating at the cutting edge 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,” it added.
“We are excited to complete this important strategic investment for the company,” said Takis Georgakopoulos, head of payments at JP Morgan. “We believe that the European payments area represents an important growth opportunity in the coming years. With its strong platform and omni-channel merchant acquisition capabilities, Viva Wallet is poised to leverage its leadership position among small and medium-sized businesses in the region. We are happy to be a part of their journey,” he added.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted