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EML Payments Limited (ASX:EML)

ALERT: Price-sensitive ASX Announcement for EML
Current share price for EML : $0.210 -0.365 (-63.48%)+
Announcement
Release
30 Mar 2026 8:57AM
Price at Release
$0.575
Full Release
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Summary
EML Payments Limited has appointed Adam Olding as its Global CEO effective 30 March 2026, as part of its EML2.0 transformation program aimed at supporting growth and operational priorities. Olding, who previously led EML’s businesses in Australia, the UK, and Europe, will now oversee global operations. Concurrently, EML Payment Solutions Limited is seeking an ADI licence from APRA for its prepaid card programs, with interim requirements to secure a guarantee from an ADI by the end of April 2026. EML is also considering the impacts of proposed government reforms intended to reduce regulatory burdens on stored value facility providers.
Key Points
  • Adam Olding appointed as Global CEO of EML Payments Limited effective 30 March 2026.
  • Olding has been leading EML’s Australia, UK, and Europe businesses and brings experience in payments, governance, and business transformation.
  • The appointment supports EML’s EML2.0 transformation program and strategic growth priorities.
  • EML Payment Solutions Limited is progressing an application with APRA for an ADI licence for its prepaid card programs.
  • APRA and RBA require EML to obtain a guarantee from an ADI in respect of stored value liabilities by 30 April 2026.
  • EML holds customer funds on trust, segregated in accounts with a tier one Australian bank.
  • The Australian Government is proposing reforms to lessen the regulatory burden on purchased payment facility providers like EML.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.