Brisbane-based EML Payments has entered into a bidding agreement to acquire Prepaid Financial Services (PFS) for an up-front value of £226m and an earn-out of up to £55m, subject to meeting certain earnings targets, according to Business News Australia.
“The acquisition of [PFS] continues to consolidate EML’s market position as one of the largest fintech enablers in digital banking and prepaid globally,” said EML Payments chief executive Tom Cregan.
https://www.siliconrepublic.com/start-ups/eml-payments-prepaid-financial-services
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