EML Payments (ASX: EML) has announced that Up Spain, with whom they had entered into an agreement with in March 2022, has advised them that they no longer intend to proceed with the agreement.
EML Payments says it will engage with Up Spain to dissolve the relationship, and the agreement was not expected to make a material contribution to the Group's revenue or EBITDA in FY23.
Following the announcement, shares of EML Payments were up 1.49%.