Payment solutions company EML Payments Limited (ASX: EML) has signed another gaming partnership through its wholly-owned subsidiary EML Payments Europe Limited.
BETDAQ is a brand within the London Stock Exchange-listed Ladbrokes Coral PLC Group, one of the world’s leading gambling firms.
Gibraltar, licensed BETDAQ and EML have entered into a multi-year agreement for the provision of branded reloadable cards. The cards can be used by BETDAQ customers to immediately access their winnings and remit funds back into their gaming account.
Owned and operated by LC International Limited, BETDAQ is a website that offers exchange betting on a wide variety of national and international sporting events. BETDAQ brings together bettors from around the world and allows them to bet against one another, rather than using the odds set by a bookmaker.
EML said the commercial terms and timing of the product launch are commercial in confidence.
EML has a portfolio of payment offering featuring innovative technology solutions for payouts, gifts, incentives and rewards, and supplier payments.
It issues mobile, virtual and physical card solutions to some of the largest corporate brands around the world, process billions of dollars in payments each year, and manage more than 850 programmes across Australia, Europe and North America.