Viva Wallet has set a definitive agreement for the acquisition of online lender Praxia Bank.
This is set to turn online ticket and financial services provider Viva into a bank.
Viva expressed an interest in Praxia in December 2019, when Bob Diamond, who controls 100 percent of Praxia through Atlas Capital, informed the lender he was going to divest and sell his stake.
From the outset, 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.
The agreement requires the approval of regulatory authorities, including the Bank of Greece.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now