EML Payments reported its first good news to investors in almost three years on Wednesday, when it announced that the UK Financial Conduct Authority had removed a ban on its subsidiary Prepaid Financial Services Ltd doing new business.
Embattled Australian payment group EML Payments has agreed to pay £15m (€17.5m) to the sellers of Prepaid Financial Services Group (PFS) to settle all outstanding liabilities associated with the soured 2020 deal to buy the business.
EML Payments has extended the contract of interim chief executive Kevin Murphy until the end of June as it works through the restructuring of the group.
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EML Payments’ trouble-plagued Irish subsidiary, PFS Card Services Ireland Ltd, has gone into liquidation after a strategic review of the business concluded that it was “no longer commercially viable or sustainable”.
The High Court has appointed joint provisional liquidators to a financial firm that issues prepaid cards allowing customers to buy goods and services ...
EML shares jump on decision to liquidate PCSIL rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
The High Court has appointed joint provisional liquidators to a financial firm that issues prepaid cards allowing customers to buy goods and services throughout…