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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.