Lloyds Banking Group has renewed and expanded its 40-year partnership with Visa in the UK.

Under the agreement, the companies will launch a series of products and services for customers at Lloyds Bank, Halifax, Bank of Scotland and MBNA.

Lloyds said these will include services for debit and credit card holders which will enable them to better manage their financial lives.

Under the agreement, Lloyds will also utilise Visa’s fraud prevention capabilities.

Visa 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 around 10 million cards migrating to Visa by the end of 2026.

"We’re excited to take our long-standing partnership with Lloyds Banking Group to the next level, building on 40-years working together, delivering solutions that customers use and love,” said Mandy Lamb, managing director, UK & Ireland at Visa. “Together we’ll be enhancing the experience for debit card users, whilst launching innovative new products and services for credit card users too.”

Earlier this month, Lloyds Bank announced its packaged account customers will be able to use their debit cards abroad for no fee from July. Silver and Platinum account customers will be able to use their card free of charge, anywhere around the world.

The move comes as Lloyds debit card data shows increasing customer demand for card spending overseas.

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