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EML Acquires Sentenial Group & Enters The Open Banking Market In Europe


EML Acquires Sentenial Group & Enters The Open Banking Market In Europe
Sentenial Limited and its wholly-owned subsidiaries
(“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.
BRISBANE, Australia (BUSINESS WIRE)
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). ....

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Open Banking Brand Nuapay Acquired by EML


(“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. ....

United States , France General , United Kingdom , Bruxelles Capitale , City Of , Sean Fitzgerald , Tom Cregan , International Bank Account Numbers Ibans , Faster Payments Service , Payments Limited , Programme Management , Sentenial Limited , Open Banking , European Open Banking , North American , Gross Debit Volume , Nuapay Open Banking , Card Issuance , Account Transfer , Direct Debits , Virtual Account , International Bank Account Numbers , Single Euro Payments Area , Instant Payments , Total Addressable Market , Real Time Payments ,