Curve

Lloyds Banking Group is in advanced talks to acquire Curve, a British digital wallet start-up, in a move that would deepen the bank’s presence in consumer payments and take on tech giants like Apple and Google.

Summary of transaction details:

• Value: £100-£120 million
• Sector: Fintech
• Advisor: KBW, part of Stifel Financial Group
• Key Entities: Lloyds Banking Group, Curve
• Location: UK

Note: The potential acquisition aligns with Lloyds' strategy to reduce consumer reliance on Apple Pay and strengthen its payments infrastructure capabilities, and could pose a challenge to tech giants' hold on mobile payments in the UK.