Troubled payments’ company EML Payments plans to turn its investment in fixing regulatory and compliance issues into a source of competitive advantage, as new chief executive Emma Shand commits to a strategic review of its operations.
EML said revenue was up 21 per cent after it introduced new fees in Europe, but higher costs associated with its remediation program in Ireland dragged earnings lower.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
