Wow EML’s Aussie fintech zooms as Irish cards unit liquidates.

January 18, 2024
1 min read

TLDR: Australian fintech EML Payment’s shares rose by as much as a third after it announced plans to wind down its Irish subsidiary, PFS Card Services Ireland. The company cited the subsidiary’s business model as no longer commercially viable or sustainable. The High Court in Dublin appointed provisional liquidators to PFS, which issues prepaid cards in the EU, and it expects to repay all of its debts to creditors.

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