image credit: Pexels

Lloyds Banking Group expands card and payments partnership with Visa in the UK

June 25, 2024


Through the partnership, the two firms plan to supply the brands with new products and services with a specific focus on serving customers’ “financial and lifestyle needs” and “enabling even greater use of Visa’s fraud prevention capabilities”, according to a statement.

Lloyds says Visa, which it has been in partnership with for the last 40 years, “will continue to provide all Lloyds Banking Group’s consumer and business debit cards, including over 30 million Visa credentials already in issue, as well as the majority of consumer and commercial credit cards”, with plans to migrate around 10 million more cards to Visa by the end of 2026.

Read More on FinTech Futures