When EML, the publicly-traded Australian payments firm, unveiled its results for the year ending June 2023, it immediately sought to highlight its strong core business attributes. It zeroed in on areas such as its large and growing addressable market, its renewed board and management team, its strong margins and track record of organic growth, as well as its 1,800 clients across 32 markets. Then, however, came the but. And that but relates to Ireland. The company has made two significant acquisitions in Ireland. In November 2019, it acquired Irish-founded Prepaid Financial Services with the deal closing in March 2020. The…

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