Viva Wallet has officially acquired the banking license of Praxia Bank on 2020, August the 3rd after the completion of the share purchase agreement between AMC Oak (Shareholder) and Viva Wallet Holdings (purchaser). The e-money institution which already operates in 23 countries within EEA, has become one of the few neobanks that owns a banking license.

The banking license will allow Viva Wallet to serve a broader set of its customers’ needs including loans and saving products, that will be announced until the end of 2020.

Makis Antypas, Viva Wallet’s CIO and co-founder will be appointed as the new bank’s CEO and Vassilis Trapezanoglou will serve as non-executive President.