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Lloyds Banking Group PLC on Wednesday announced it has agreed to acquire Curve UK Ltd, a London-based fintech behind a digital wallet that consolidates multiple cards and payment methods into a single platform. Financial terms were not disclosed, nor did Lloyds specify the seller. Curve is authorised and regulated in both the UK and the European Economic Area. Its website says it is part of Vilnius, Lithuania-based Curve Europe UAB. Lloyds said the deal marks a ‘strategic move’ to accelerate its digital transformation and enhance its mobile banking offering. Curve processes payments and offers features such as card consolidation, rewards, budgeting tools, and the ability to switch past purchases between cards. Lloyds said integrating Curve’s technology, including Curve Pay, its digital wallet, will allow customers to access new payment and money-management features directly within the bank’s mobile apps. These will include switching previous transactions between accounts, layered rewards on top of existing card benefits, ’Pay Later’ options, and avoiding foreign-exchange fees on overseas spending. The bank said the combination will give customers ‘greater control and personalised ways to manage their money’. The deal is expected to close in the first half of 2026, subject to regulatory approval. Lloyds said the acquisition will not have a material impact on its capital position or guidance for 2025 or 2026. Lloyds shares were down 1.4% at 87.86 pence in London on Wednesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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