The acquisition makes EML the global leader of the shopping sector with the management of over 800 gift card programs.
FREMONT, CA: EML, a payment solution corporation, has recently announced the acquirement of Flex-e-Card (FEC) that trades flex-e-vouchers and cards. EML’s payment solution empowers businesses with added transparency, control, and flexibility on payment processing. Also, the enterprise makes transactions secure and efficient from the beginning to end while facilitating organizations to improve their customer service and augment the brand loyalty.
Featured among the Top 10 Accounts Payable Solution Providers in 2018 by CFO Tech Outlook Magazine, EML offers innovative payment technology solution for incentives, payouts, gifts, rewards, and supplier payment along with issuing virtual, mobile and physical card solutions. “We’re simply looking at existing payment flows and ecosystems, and optimizing or making the payment flows faster, smarter, cheaper, and more secure,” asserts Eric Mettemeyer, Chief Corporate Development Officer.
FEC is a FinTech corporation offering the shopping mall sector with gift card solutions. The enterprise is servicing 226 shopping centers under the agreement through Europe, mainly the United Kingdom, Poland, Ireland, Italy, and Finland, along with the United Arab Emirates.
With toting up of the 226 new shopping mall gift card programs, the acquisition augments a core section, which will be chiefly self-issued by EML in the FY20. The improved access into the galleria makes EML the global leader of the shopping sector with the management of over 800 shopping mall gift card programs. The admission also enhances EML’s association with mall operators like ECE and Unibail-Radamco-Westfield and chief mall owners such as Intu (UK) and EMAAR (UAE).
The investment furthermore broadens EML’s geographic spread into the United Arab Emirates and Poland. “From a competitive and geographic standpoint, EML intends to innovate both organically and inorganically,” states Mettemeyer. FEC has strong online sales capabilities, which will harmonize the employment of EML’s innovative mobile pay technology and further develop the product capabilities. FEC staffs are specialists in the shopping space and bring in significant expertise to EML with an additional 52 employees.
