Briefs: EML completes Sentenial acquisition, Zip partners with Microsoft

Banking Day staff
  • EML Payments has completed its acquisition of UK company Sentenial Ltd, which provides real-time payments services to UK and European banks. The company said the acquisition will broaden its offer to include non-card, non-scheme payment products, with a focus on open banking. EML is paying A$112.7 million upfront and up to $64.4 million on an earn-out basis.

 

  • Zip Co has entered into an agreement with Microsoft to integrate Zip into the tech company’s browser Microsoft Edge. Zip will be a digital payment option for the “shopping experience” in the browser, which runs on 1.3 billion devices.