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Lloyds Banking Group PLC is in discussions to acquire digital wallet provider Curve for £120 million, Sky News reported on Saturday.
Talks are at an advanced stage and a deal could be announced by the end of September should an agreement be struck, Sky News reported, citing City sources.
Curve allows users to put their debit and credit cards into a single digital wallet, akin to the Apple Pay offering.
Lloyds shares fell 1.0% to 75.32 pence each in London on Friday.
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