Love2shop, the UK’s market-leading multi-brand gift card retailer, has today announced a new strategic partnership with group payments pioneer Collctiv to launch its latest venture, Love2save.

Love2save is a brand new savings platform designed to simplify how UK consumers individually save money or pool money for shared collections. The platform empowers individuals or groups, whether friends & family or colleagues in the office, to seamlessly collect money together for important  milestones.

Once savings goals are achieved, funds can be instantly loaded onto a Love2shop Digital gift card or Love2shop Holidays gift card, and then redeemed across an extensive network of household brands, including Tui, Jet2holidays, Currys, Marks & Spencer and many others.

Powering this new venture is Collctiv’s unique group payments technology. Since launching in 2019, Collctiv – a regular star of our FinTech 50 ranking – has become the UK’s leading group payments platform, handling over £130 million in payments volume and serving more than 2.3m users across 175 countries.