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09.18.17

EML Payments Europe Partners with Fortuna on Gaming Payout Cards

EML Payments Limited announced that its wholly owned subsidiary EML Payments Europe Limited has entered into a multiyear agreement with Fortuna Entertainment Group to provide branded reloadable cards for customers to access their winnings or remit funds back into their gaming accounts.

Fortuna is the largest betting operator in Central Europe, according to the announcement. The program is expected to launch in the Czech Republic first, with the potential to expand to other countries in which Fortuna operates.

The commercial terms and timing of the product launch aren’t public yet, but EML says it will provide an update to shareholders at the appropriate time. The program is subject to standard regulatory, bank and scheme approvals.

EML Payments USA LLC CEO Eric Mettemeyer spoke to Paybefore earlier this summer about the parent company’s global expansion areas of gaming payouts and “next-generation” mall gift cards.

EML was created following Australia-based EMerchants Limited acquired Overland Park, Kan.-based Store Financial in 2016 and Store Financial Europe in 2014.

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This entry was posted on Monday, September 18th, 2017 at 11:35 am and is filed under Pay News.

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