The story of a Greek Unicorn

Viva Wallet is the first fully cloud-based, European merchant acquirer, processor and neobank. It has become one of the most prominent​​ payment companies in Europe and provides a wide range of financial services to merchants and consumers. It has a digital wallet, terminals and soft-POS for merchants, a 100% cloud-powered merchant acquiring platform directly connected to the card schemes, a payment service provider and an issuing bank too (after buying Greece’s only online consumer bank in early 2021). In January 2022, JP Morgan announced that it was acquiring 49% of Viva Wallet, making it one of the fastest growing and most well backed FinTech unicorns in Europe. 
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Return on Investment

Summary success story

Viva Wallet, a Greek unicorn in the payment industry, uses Fraudio’s Merchant Initiated Fraud Detection solution to stop fraudulent merchants while facilitating Viva Wallet's hyper-growth at the same time.

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Increased efficiency of the fraud team
opening-times 1
3 Weeks
Fraud attempt are caught weeks earlier than legacy solutions
control-panel 1
Growth in transactions
*this result was obtained during an analysis over the course of the 2021-2022 period


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