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EML approved for Irish takeover

Payments processing company EML has received approval from the Central Bank of Ireland to acquire the 25.1 per cent of Irish payment card company PerfectCard DAC it does not already own. The deal is worth A$4.7 million. EML acquired 74.9 per cent of PerfectCard in July last year. EML says that having an Irish eMoney licence will allow it to self-issue regulated payment products in European Union markets.

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