Viva Wallet

Our pick of the top fintech news stories this week includes Sainsbury’s, Viva Wallet, Laybuy and more.

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.

JP Morgan says Viva Wallet is a “natural fit” for its payments business.