EML Payments to acquire Prepaid Financial Services for $360m.

EML Payments, an IT service management company, agreed to acquire Prepaid Financial Services, one of the fastest growing financial services, technology companies and e-money payment institutions in Europe, for $360m. “The acquisition of PFS continues to consolidate EML’s market position as one of the largest FinTech enablers in open banking and prepaid globally. PFS is highly complementary to EML’s existing solutions suite and adds digital banking and multi-currency offerings to our existing suite, while expanding our global market footprint and ability to cross-sell PFS’ solutions,” Tom Cregan, EML Managing Director and Group Chief Executive Officer.