Emerchants - very rapid growth over the next +3years
Emerchants (EML) is an issuer and processor of debt cards with the ability to tailor the usage of the card. There are numerous applications for this technology and EML has clients in gaming / wagering, consumer lending, financial services, various corporates, charities and gift cards. EML's biggest industry vertical is corporate bookmaking and its product has been adopted by almost the entire Australian corporate bookmaking industry and is in the process of rolling out. It has recently signed with bet365 in the UK, one of the largest corporate bookmakers there. Given the experience in the Australian corporate bookmaker market it is likely that many others will follow bet365's lead and adopt EML's product. In addition to this exciting growth avenue, EML's UK subsidiary Store Financial is the leading provider across Europe of store based gift cards and is growing rapidly in a market where the majority of these programs are paper based. With numerous growth opportunities in front of it, the outlook for EML is exciting. (VIEW LINK)