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(“Sentenial”) , and its Open Banking brand Nuapay, have been an early mover in the emerging Open Banking and Account-2-Account (“A2A”) payments sector in Europe. The acquisition broadens the EML product suite and positions EML to be able to take advantage of rapid scale growth in the Open Banking sector in Europe and to expand the capability across all regions. EML Payments Limited (ASX: EML) (S&P/ASX 200) has entered into a binding agreement to acquire 100% of Sentenial for an upfront enterprise value of €70 million (A$108.6 million), plus an earn-out component of up to €40 million (A$62.1 million). Sentenial is a cloud-native, API-first, full-stack enterprise-grade payments company, processing 45 billion Euro per annum and is dually regulated in the United Kingdom and France.

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