Lloyds Banking Group Acquiring London-Based Curve

MT Newswires Live

11/19

Lloyds Banking Group (LYG) said Wednesday it is acquiring London-based digital wallet platform Curve.

Financial terms weren't disclosed.

The Curve Pay technology and digital wallet integration into Lloyds' current digital services will enhance payments experiences for Lloyds clients within its mobile banking, the company said.

Lloyds intends to complete the acquisition in H1 next year, it said, adding that the deal will not affect its full-year outlook for 2025 or 2026.

Sky News reported Friday that Lloyds struck a 120 million British pounds ($157.5 million) agreement to acquire Curve.

Lloyds' stock was down 1.1% in recent Wednesday premarket activity.

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