EML Payments to launch Apple pay

Company News

by Anna Napoli

Fintech company, EML payments (ASX:EML) has today announced Apple Pay will be on offer to customers presenting an instant, easy and secure way to pay.

EML says security and privacy is at the core of Apple Pay as when you use a prepaid card with Apple Pay the card numbers are not stored on the device.

In a shake up for corporate and gift rewards programs, the launch will transform the way retailers are able to offer customer cash back incentives.

EML; MD and CEO Tom Cregan says customers are frustrated with waiting for gift and reward cards to arrive in the mail. Offering Apple Pay enables companies to overhaul their reward schemes tp be digital, savvier and faster.

Shares in EML (ASX:EML) closed 2.27 per cent lower to $1.51.