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Investing.com -- Lloyds Banking Group said Wednesday it will acquire London-based fintech company Curve as part of a strategic move to enhance its digital transformation.
Curve operates a digital wallet platform that consolidates multiple cards and payment sources into one secure platform with money-saving and loyalty features. The company processes billions in payments annually through its technology platform.
The integration of Curve Pay into Lloyds Banking Group’s digital offering will provide customers with an enhanced payments experience within mobile banking.
Customers will gain expanded payment flexibility and access to advanced digital wallet features, including the ability to switch past purchases across accounts, earn rewards on top of existing card benefits, access Pay Later solutions, and avoid foreign exchange fees.
This acquisition represents a significant milestone in Lloyds Banking Group’s strategy to deliver market-leading digital experiences to its 28 million customers.
The deal is expected to complete in the first half of 2026, subject to regulatory approval. Lloyds Banking Group stated that the transaction is not expected to have a material financial impact on the Group or affect its full-year guidance for 2025 or 2026.
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