JP Morgan and WeRealize settle Viva Wallet lawsuit
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
The lawsuits follow reports of disputes over Viva Wallet board nominations last month.
JP Morgan acquired a 48.5% stake in Viva Wallet in December 2022 for $800 million.
Mavroyiannis joins from Greece’s Piraeus Bank, where he led the operations and technology arms of the business.
JP Morgan is aiming to enhance digital transactions for its corporate clients in APAC and Europe.
JP Morgan says Viva Wallet is a “natural fit” for its payments business.
The Greek fintech is looking to bolster its transaction monitoring.
Viva is in the midst of launching a credit service for merchant customers.
The Attica-based start-up acquired Praxia Bank’s banking licence on 3 August.
Viva Wallet bought a Greek neobank back in January.
Praxia was on the verge of being dissolved last month.
Paytech firm Viva Payments is bringing Alipay to Greece. A strategic partnership between the two companies will see Alipay users “access the service for the first time” while visiting the country.