Announced
Financials
Sources
Tags
bank
Majority
Pending
Acquisition
Friendly
Single Bidder
Private
Banks
Greece
Private Equity
Synopsis
Viva Wallet, a cloud-based payments processor, has acquired Praxia Bank, Greece’s first digital challenger. Financial terms were not disclosed. Viva Wallet’s interest in Praxia was associated with its intention to obtain a credit institution license in Greece, and it also made clear that the business model Praxia had developed was not in accordance with its own plans.
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