Investor Alert

Jan. 25, 2022, 9:37 a.m. EST

JPMorgan Chase invests in Greek payments company Viva Wallet

JPMorgan Chase & Co. (NYS:JPM) said Tuesday it paid an undisclosed sum for a 49% stake in Viva Wallet Holdings Software Development S.A. (Viva Wallet), a Greece-based payments fintech company. Citing unnamed sources familiar with the deal, Reuters reported that the transaction values Viva Wallet at more than $2 billion. Takis Georgakopoulos, global head of J.P. Morgan Payments, said the European payments landscape "is a big focus area for added growth for J.P. Morgan Payments in the future." Shares of JPMorgan fell 1.2% in early trades on Tuesday.

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