European fintech Viva Wallet announced on Tuesday it is bringing Apple Pay to its customers. The fintech reported that Apple Pay is a safe, secure, and private way to help customers avoid handing their cards to others as well as touching physical buttons or exchanging cash.
Viva Wallet further revealed that customers may also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information.
Founded in 2010, Viva Wallet describes itself as a European fintech disruptor on a mission to change how businesses pay and get paid.
“We offer businesses of all sizes an opportunity to accept 24 payment methods with our innovative multi-feature Smart Android card terminals, provide card processing through own cloud-based infrastructure, Card-Present and Card-Not-Present acquiring services, merchants accounts and debit card issuing.”
Meanwhile, Viva Wallet is reportedly planning to secure €500 million in capital to support its virtual banking business. This news comes just after Viva Wallet acquired the banking license of Praxia Bank after the completion of the share purchase agreement between AMC Oak (Shareholder) and Viva Wallet Holdings (purchaser).
Sources revealed that the suggested deal has been approved or given the green light by European regulatory authorities. If the deal is finalized, it would offer a new way for smaller European banks to manage their loans. This could make it easier for them to conduct business and raise funds.