EML Payments Limited – Signed 5-Year Deal with leading German malls operator ECE

  • Jul 30, 2018 AEST
  • Team Kalkine
EML Payments Limited – Signed 5-Year Deal with leading German malls operator ECE

EML Payments Limited (ASX:EML) informed the market that its wholly owned subsidiary i.e., EML Payments Europe Limited inked a deal with German shopping mall operator ECE Projekt management G.m.b.H & Co. KG (‘ECE’) for a five-year period. The objective of this deal is to manage the new consumer gift card program for 87 of its shopping malls in Germany State. Though, the company already announced this opportunity in February 2018 as a Letter of Intent which was subjected to regulatory & contract approvals, which have been finalized. As per the deal, the new program will be a single load Private Label (PVL) gift card and it will be restricted for use within the ECE shopping malls premises. This will be available from the customer service desks within the malls and replaces their current voucher program.

The management estimates Annualised Gross Debit Volume for this new launch to be around Euro 90 Mn (A$ 142 Mn). Hence, the group expects that the GDV to revenue conversion ratio will materialize in accordance with other Non-Reloadable card programs that the group operates.

With this news, the stock climbed up 14.34 per cent with the intra-trading volume of more than 975,712. The stock traded at $1.635 with the market-cap of circa $355.18 Mn as on July 30, 2018 (AEST: 2:40 P.M.).

[pluginops_form template_id='23834' ]  

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK