Mastercard Open Banking Powers Account Aggregation for Virgin Money Credit Card Customers

Virgin Money customers will soon be able to see their credit card and current account balances and transactions from other banks on the Virgin Money Credit Card App, thanks to a new collaboration between the UK bank and Mastercard. With this smart personal finance solution, powered by Mastercard’s open banking technology, Virgin Money customers will be able to manage their finances quickly, easily and conveniently in one single place.

This initiative underlines Virgin Money’s commitment to delivering market-leading digital tools for their 6.6 million+ retail and business customers across the UK. The partnership brings together Virgin Money’s customer-centric approach and Mastercard’s global technology expertise in open banking to re-imagine how customers interact with Virgin Money and manage their finances. 

“We’re thrilled to collaborate with Mastercard to make it easier for credit card customers to access information about their non-Virgin Money credit cards and current accounts through Virgin Money’s credit card app. Open Banking is an exciting opportunity to make it easier for people to manage their finances and we’re delighted to work with Mastercard to introduce and evolve this feature for over two million credit card customers who interact with us digitally every month,” said Katherine Lovell, Head of Unsecured Lending at Virgin Money.

“We’re proud to provide Virgin Money with open banking solutions that fuel their continued efforts to deliver cutting-edge financial tools,” said Valérie Nowak, EVP, APEMEA Open Banking at Mastercard. “This partnership shows the power of open banking and its ability to create connected, user-friendly, and embedded financial services that make people’s lives easier.”