EMERCHANTS BIG BET

EMERCHANTS BIG BET

EMERCHANTS Limited (ASX: EML) has announced a multi-year agreement with a leading corporate bookmaker.

The payment solutions provider is set to join forces with Sportsbet.com.au to provide customers with personalised cards for immediate access to winnings.

While still pending approval from EML's sponsoring authorised deposit-taking institution, once finalised the agreement will enable customers to move winnings from their wagering account to their card for use at ATMs and points of sale across Australia.

EML's managing director Tom Cregan says the joint venture will facilitate a seamless customer experience.

"In addition to being able to withdraw their winnings at ATMs across the country, customers will have the ability to push funds on the card back to their wagering account.

"This agreement will also involve integrating the emerchants prepaid platform into the Sportsbet.com.au website to provide a seamless experience for their customers."

EML was trading up 16.81 per cent following the announcement at $0.70 per share. 

*Please note: Emerchants (ASX:EML) completed a changed of name to EML Payments (ASX:EML) in October 2016


 

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

The party’s over: Splendour in the Grass festival cancelled for 2024

The party’s over: Splendour in the Grass festival cancelled for 2024

Splendour in the Grass, Australia’s largest winter music fest...