Lloyds Banking Expands Digital Footprint with Curve Acquisition

Lloyds Banking Group (LON:LLOY) announced its intent to acquire Curve, a London-based fintech company, signaling a strategic move to enhance its digital capabilities.

The acquisition, expected to finalize in the first half of 2026, aims to integrate Curve's innovative digital wallet platform into Lloyds' existing digital offerings.

Curve, regulated in the UK and EEA, consolidates multiple cards and payment methods into a single, secure platform. Its technology facilitates billions in annual payments and introduces features designed to save users money and enhance loyalty.

The integration of Curve Pay will provide Lloyds' 28 million customers with an enriched mobile banking experience, offering increased payment flexibility and access to advanced digital wallet functionalities.

The enhanced payment experience will allow Lloyds customers to switch past purchases between accounts, earn rewards on top of existing card benefits, utilize “Pay Later” options, and avoid foreign exchange fees. Lloyds Banking Group anticipates that this acquisition will grant its clientele greater control and more personalized options for managing their finances.

Lloyds Banking Group views the acquisition as a key step in its broader strategy to deliver market-leading digital experiences, empowering its substantial customer base through enhanced digital services. The company is investing in London-based fintech, marking a significant milestone in the Group’s strategy to deliver market-leading digital experiences.

The financial implications of the acquisition are not expected to materially impact the Group's overall financial performance, including its capital position. Lloyds Banking Group has confirmed that the transaction will not affect its full-year guidance for either 2025 or 2026.