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EMl Diversifies as a Covid hits gift Card Business - Alan Kohler

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    Alan Kohler speaks with the CEO of EML Payments, Tom Cregan, about the impact COVID-19 is having on its gift card business, its relationship with buy now pay later companies, and how the company has diversified by acquiring reloadable card business PFS.

    Tom Cregan is the CEO of EML Payments, which has been mostly a gift card business powering the technology and the financial technology behind gift cards.But it's now trying to diversify out of that business because most of the gift cards are issued in shopping malls, which are having a very difficult time at the moment. So they've bought a business in Ireland called Prepaid Financial Services (PFS), which is a reloadable card business, as opposed to a once-off gift card and they've managed to pick it up for a fair bit less than they first offered, which was a very interesting situation.

    https://omny.fm/shows/ceo-interviews/tom-cregan-eml-payments
 
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