Viva Pockets’s cloud-based funds service will quickly attain retailers in 23 European nations by means of an expanded acceptance settlement with Japan’s JCB card community. The transfer comes a number of weeks after the Greek fintech turned a bank.
JCB is including six extra European nations the place Viva Pockets is accepted, constructing on an preliminary settlement introduced late final yr, the businesses mentioned in a Tuesday press launch. The collaboration will help 80,000 retailers in Greece, together with 6,000 UK. retailers and three,000 retailers in Belgium, the discharge mentioned.
Viva Pockets lately finalized its acquisition of the banking license of Calandri, Greece-based Praxia Bank, enabling the agency to start providing loans and financial savings merchandise by the tip of this yr.
To impact the shift, Viva Pockets lately employed Jefferies to lift about $600 million to construct a digital bank, in response to Finextra.
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