JPMorgan has acquired a 49% stake in European FinTech Viva Wallet.
In Brief:
Viva Wallet is a cloud-based payments business.
Based in Greece, it supports SMEs across 23 countries.
Its services include merchant cash advance, bill pay, expense management, loyalty and more.
What does this mean?
The investment is part of a $12bn commitment JPMorgan has made to invest in technology this year. It follows an investment in Volkswagen’s payments arm VW Payments.
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This partnership marks a significant milestone as PayPal remains one of the preferred payment options for Mollie's customers
Sumsub integrates Elliptic’s blockchain analytics to enhance crypto wallet screenings and risk assessment capabilities for clients.
Clients can enjoy flexible features, enabling fund withdrawals and re-investments within the same tax year- without impacting their ISA allowance or interest rate...
The proposal aligns with European regulators’ push for banking sector consolidation, aiming to enhance competitiveness and efficiency in the fragmented Italian market...
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