EML inks multi-year agreement with Simon Property Group

  • Nov 29, 2019 AEDT
  • Team Kalkine

The US subsidiary of EML Payments Limited (ASX: EML) has struck a deal with Simon Property Group for the distribution of multiple payment card products through select Simon shopping malls and B2B distribution channels in the USA.

Highlights of the Agreement

  • A non-exclusive multi-year agreement has been signed between EML Payments USA, LLC and Simon;
  • Programs under the agreement have not yet launched, but EML presently expects they will launch within 90 days;
  • EML expects the GDV to revenue conversion ratio under the agreement to be materially in line with other Non-Reloadable card programs the group operates.


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