Emerchants to expand services in the UK

Company News

Emerchants Limited (ASX:EML) is set to offer the Emerchants payments card to customers of online gambling company bet365 - operating under Hillside GP Limited - in the UK.
 
The payments solutions provider said the card agreement allows bet365 customers instant, real-time means of accessing winnings and the ability to remit funds back to the gaming account.
 
The agreement extends the relationship with bet365 in Australia which saw the implementation of the payment card solution in August 2015 and a subsequent agreement with bet365 to launch the EachWay cash loads solution.
 
Emerchants has said it will provide an update to shareholders in the appropriate time.
 
Emerchants recorded a net profit of $633,000 at 31 December 2015.