EML Payments popped up on Irish radars last year when it acquired Meath-based Prepaid Financial Services (PFS) for €148 million. It’s a big publicly traded Australian payments company, with a market cap of €1.1 billion. Today EML abruptly requested a halt to trading in its shares on the Australian stock market. It asked for the pause “pending an announcement by EML in relation to significant regulatory concerns notified by the Central Bank of Ireland, and received by EML on Friday 14 May 2021, relevant to the Prepaid Financial Serices business that EML acquired on 31 March 2020”. It wants to…

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