Investing
JPMorgan mulling stake in Greek firm Viva Wallet -media
Published by maria gbaf
Posted on January 25, 2022
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on January 25, 2022
1 min readLast updated: January 28, 2026
JPMorgan Chase is in talks to acquire a 47% stake in Greek payments firm Viva Wallet, valued at 700 million euros, highlighting confidence in Greece's economy.
ATHENS (Reuters) – U.S. bank JPMorgan Chase is considering acquiring a 47% stake in Greek payments company Viva Wallet, Greek media reported on Monday without identifying their sources.
Cloud-based Viva Wallet provides card acceptance services through its POS application, add-on Google play devices and advanced payment systems in online stores. It operates in 23 countries across Europe.
According to the ot.gr news website, the value of the deal is estimated at 700 million euros ($792 million).
The Kathimerini newspaper reported that the two sides are expected to sign the deal on Monday following months of negotiation.
Viva Wallet and JPMorgan were not immediately available for comment.
The Greek prime minister’s chief economic adviser, Alexis Patelis, said on Twitter on Sunday that two significant acquisitions by U.S. companies would take place this week, dubbing these “a vote of confidence in Greece and a forerunner of investments”.
($1 = 0.8840 euros)
(Reporting by Angeliki Koutantou and Renee Maltezou; editing by Jason Neely)
The main topic is JPMorgan Chase considering a 47% stake acquisition in Greek payments company Viva Wallet.
The deal is estimated to be valued at 700 million euros.
Viva Wallet operates in 23 countries across Europe.
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