EML Payments (EML) picks up NSW Health contract

EML Payments (EML) +7.17%; one of last year’s best performers, the payments software and tech company caught a bid again today, trading higher from the get-go after  announcing it had signed an agreement with NSW Health to provide its General Purpose Reloadable card program for nearly 50k employees. Although the contract hasn’t been deemed material under listing rules and EML hasn’t changed guidance, it further solidifies their software as the leading platform for salary packaging. The cards are used by employers for pre-tax living expenses and puts EML on track to reach their target of 300,000 customers by early next year.

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