JPMorgan Chase considers acquiring digital bank Viva Wallet

On November 26, Bloomberg quoted sources as reporting that JPMorgan Chase is considering acquiring or investing in Greek digital bank and payment company Viva Wallet to get involved in more areas of financial disruption. According to sources, the valuation of Viva Wallet in this round of transactions will reach more than 1.5 billion euros ($1.7 billion), and the transaction has not yet been finalized. JPMorgan Chase and Viva Wallet both declined to comment. Viva Wallet provides services such as debit cards, credit cards and small business payment solutions in 23 European countries. It is also one of the certified payment companies for London’s iconic black taxis. In April of this year, the company received US$80 million in financing through investors such as Tencent, the European Bank for Reconstruction and Development, and Breyer Capital. (Bloomberg)

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