A new partnership between UK-based Virgin Money and Mastercard will enable the bank’s customers to view their credit card and current account balances and transactions from other banks in one place on the Virgin Money Credit Card app.
Mastercard’s Open Banking technology is behind the account aggregation solution, which is designed to make it easier for Virgin Money customers to manage their finances.
By working together, the two companies said they wanted to “re-imagine” how customers interact with Virgin Money and manage their finances.
Katherine Lovell, head of unsecured lending at Virgin Money, said its collaboration with Mastercard will 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.
She added: “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.”
Virgin Money has more than 6.6 million customers retail and business customers across the UK and has been part of the Nationwide Building Society since October 2024.
“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, executive vice president, APEMEA Open Banking at Mastercard.
Nowak added that the partnership demonstrated the “power” of Open Banking and its ability to create connected, user-friendly, and embedded financial services that make people’s lives easier.
At the end of last year, Mastercard published research which showed that Open Banking has been widely adopted by B2B and consumer users in the US, UK, Nordic and Australian markets, with payments now the top use case.
Its white paper ‘Open banking: The trust imperative’ revealed that 76% of consumer respondents reported connecting their financial accounts directly to tools to conduct financial tasks.
Further reading: Mastercard announced as headline partner of Open Banking Expo USA 2025
