02:24 PM EDT, 06/13/2024 (MT Newswires) -- JPMorgan Chase's ( JPM ) dispute with a Greek fintech founder over the payments platform Viva Wallet was ended by a London High Court judge Thursday, according to the companies and the verdict from Judge Clare Moulder.

The ruling presented how Viva Wallet should be valued and its potential to expand in new markets.

The US bank and Haris Karonis sued each other in February following a 2 billion euro ($2.15 billion) difference in Viva Wallet's valuation. Karonis' Werealize.com owns more than 51% stake in Viva Wallet.

The court ruling "paves the way for a proper valuation" of the business, Karonis said in a statement. "The ruling holds that Viva should be valued according to its full market potential, which includes its lucrative US expansion plans."

JPMorgan ( JPM ), which has a roughly 49% stake in Viva Wallet, was accused by Werealize.com of blocking the business' entry into new markets to prevent its growth and drive down its valuation. It bought its stake in a 2022 deal, which stated that it could fully control Viva Wallet if its valuation fell below 5 billion euros around mid-2025.

"The court has now provided a critical step to move forward with fair and transparent valuations -- which could allow Viva to be sold soon," JPMorgan ( JPM ) said in a statement sent to MT Newswires. "The judge also confirmed that Viva is subject to US legal restrictions... and rejected outright any suggestion that JPM was trying to depress Viva's value and prevent it from growing."

Price: 193.94, Change: +2.41, Percent Change: +1.26