Acquisitive ASX-listed payments processing and loyalty system software provider EML Payments Limited has reported higher revenue for the 2017/18 year, up 23 per cent on the previous year. EML estimated that 75 per cent of its revenues were generated offshore and 92 per cent of revenues were recurring in nature (ie, excluding one-time establishment fees), as the company continued to make bolt-on acquisitions during FY18.Earnings before interest, taxes, depreciation and amortisation increased by 43 per cent to A$20.8 million, with all regional business units generating EBITDA growth and improving against the prior year, the company told the ASX.Cashflow was under pressure though as, during the year EML said it had "significant investing cash outflows" from its acquisitions.One of these was PreSend Nordic AB, effective 1 February 2018, which has expanded the Company's geographic presence in six Nordic and Baltic countries. Post-acquisition, PreSend has signed approximately 20 programs for small mall and town centre non-reloadable programs, but importantly has signed their first reloadable program with Instabank, a Norwegian bank, expected to launch in FY19.The company also increased its investment in PayWith Worldwide, Inc. via a convertible loan instrument for US$0.5 million, taking EML's total investment to A$5.8 million, according to a statement made to the ASX.Effective 4 July 2018, EML acquired 74.86 per cent of Perfectcard, Ireland's first authorised eMoney institution and a fintech company providing incentive and corporate expense programs.EML also signed a variety of new deals, many of which it said, were "individually immaterial", such as reloadable programs with Instabank in Norway, along with Wildcard, ImpactPay, QPay and MyCryptoWallet, all in Australia, which will provide growth opportunities in FY19 and beyond.At the same time, EML has continued developing its proprietary processing platforms to support Apple Pay, Google Pay and SamsungPay. The group said it had no one-off or abnormal operating cash outflows planned for FY19.