Important information about their joint business trip that officially started in early 2022 and is evolving into a case study for fintech was shared from Delphi by Haris Karonis, Founder & CEO of Viva Wallet and Christos Kolimenakis, Managing Director of JP Morgan during today, the third day of work of the 7th Economic Forum.
The Managing Director of JP Morgan initially spoke, emphasizing that the cooperation with Viva Wallet has covered many aspects that the company wants for the investment, such as technology, infrastructure, but also the ambition for further development. As he mentioned, what JP Morgan found in Viva is the organic expansion of its infrastructure, but also the synergies with large customers, elements that also confirmed the interest towards it.
At the same time, Viva Wallet’s vision for expansion in Europe and its flexibility in terms of solutions for both small and large companies made it even more attractive in terms of its investment approach.
According to him, “now every car is a wallet with four wheels, you can shop through it. The big difference of Viva Wallet compared to other players is also the fact that it has a bank license, which makes it unique throughout Europe “.
Haris Karonis also shared his own experience from working with JP Morgan, giving some characteristic numbers that were, in their own way, milestones: “Three years before the acquaintance with JP Morgan, 384 people found themselves in the Data room “For financial control, 3,500 files were also uploaded to the Data room for the same purpose. To these must be added meetings, travel, all of which created a ten-month course that brought the two companies even closer.”
As also noted by the head of the electronic payment company, it is important that Viva Wallet relied on its own structures, without any infrastructure from third parties and in this way was able to quickly fill the gaps and requirements in each country, something that led to a “frantic” as it characterized the course from the second quarter of 2019, reaching today, whenever it has a presence in 24 countries.
Another special point of the company’s course, according to Mr. Karonis, was the fact that it “set up” its services and local payment schemes according to the requirements of each country, while announcing the next step of Viva Wallet that will facilitates the bank’s access to the customer, small or large merchant, and vice versa.
Source: Capital
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