9th jan 21. Jaz harrison from rask media tips EML as a growth...

9th jan 21. Jaz harrison from rask media tips EML as a growth stock for 2021.
EML Payments Ltd (ASX: EML)EML Payments is a business that provides various services for clients such as physical gift cards, virtual gift cards and accounts, salary packaging offerings and so on.The world is going increasingly digital, as opposed to cash, so EML is in the right space to benefit from this. COVID-19 caused a painful disruption to the shopping centre gift card segment in 2020, but overall growth is rebounding.In the first quarter of FY21 compared to the prior corresponding period, gross debit volume (GDV) was up 51%, revenue was up 75% and EBITDA (EBITDA explained) was up 215%.I’m not expecting triple digit EBITDA growth rates for many consecutive years, but it shows how much traction the ASX200 share is getting.