EML Payments Limited: Prepaid Financial Services Is Now Known As EML Payments
PFS has been fully integrated into EML s international payments business.
EML Payments Limited (ASX: EML) (S&P/ASX 200) is delighted to announce that the Prepaid Financial Services brand has completed a seamless and disruption-free integration to become an integral part of EML s global payments ecosystem. EML is pleased to confirm that every existing contract, partnership and regulatory body certification remains unaffected.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210302005072/en/
PFS is now EML. (Photo: Business Wire)
In the making since PFS was acquired by EML last year, the successful transition in recent days has meant zero disruption for new and existing clients across Europe who can now experience the PFS website as the all-new
Prepaid Financial Services Is Now Known As EML Payments
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EML Announces Record Revenues of $95.3M and EBITDA Of $28.1M
Group Gross Debit Volume of $10.2 billion, up 54% over PCP;
Group Revenue
Group EBITDA
Group NPATA of $13.2 million, up 30% over PCP;
Underlying operating cash inflows of $35.1 million, up 68% on PCP; and
FY21 Reinstated EBITDA Guidance Range of $50.0 million - $54.0 million.
BRISBANE, Australia (BUSINESS WIRE)
EML Payments Limited (ASX: EML) is pleased to release its FY21 Interim Report, as attached to this announcement with its Appendix 4D.
Highlights for the six months ended 31 December 2020 include:
Gross Debit Volume (‘GDV’) of $10.2 billion, up 54% over PCP
GDV represents the debit volume processed by the Group through our proprietary processing platforms. The first six months of FY21 delivered a record result, with GDV growing 54% over the prior comparative period (‘PCP’) to $10.2 billion. Whilst this volume translates to revenues at different rates depending on the segment, GDV is an indicator o
percent in volume (approx. 5.93 to
34.35 billion transactions) and value (approx. Rs.920.38 to Rs.1,623.05 trillion) respectively over the last five years (March ‘15-’20). The RBI’s persistent steps furthering digital payments have supported last year’s challenges and forced wide-spread digitization.
The key initiatives last year, and their impact in the new year, are looked at here.
1. The changing face of UPI- Zero MDR, new revenue streams and the 30% cap
Last year started with
zero MDR s implementation, changing UPI’s revenue potential and converting a previously incentive-based approach to a mandatory, no-profit approach. Even now,
industry meetings with the government for withdrawing the rule are ongoing. UPI transactions are nevertheless ever-increasing, recording 2.23 billion transactions of value