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EML Payments has secured a multi-year agreement with Luaspay Limited to launch a winnings payout card program for electronic gaming customers in Canada.
The deal extends Brisbane-based EML's (ASX:EML) reach in North America, and marks its entry into the Canadian egaming market.
The program will allow Luaspay to offer account holders in Canada a branded payment card for real-time access to their winnings, and the ability to remit these funds back into their gaming account.
It will use the same payment technology used by several Australian gaming operators.
EML CEO, Tom Cregan, says, "This program is not only our first egaming program in Canada, leveraging our solutions provided to gaming companies in Australia and Europe, but it will also be our first reloadable program in Canada, opening up a range of growth opportunities for us in the Canadian market in and outside of the egaming sector."
"We look forward to launching this program and informing the market of additional reloadable programs in Canada in the future."
EML is trading steady at $1.697 on the ASX this morning.
Business News Australia
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