Wameja: HomeSend Gross Value Flows Up 28% in 2Q Vs 1Q
August 21 2019 - 3:47AM
Dow Jones News
By Ian Walker
Wameja Ltd. (WJA.AU) said Wednesday that its HomeSend global
payment hub continued to make progress in the second quarter of the
year with a 28% rise in gross value flows over the past
quarter.
However the company--a joint-venture partner with Mastercard Inc
(MA) in HomeSend--said that average transactions fell 2% over the
quarter while payments terminating to a bank account on the
HomeSend network as a percentage of gross value flows slipped to
44% compared with 48% in the first quarter.
HomeSend enables cross-border transfer between bank accounts,
cards, mobile wallets, or cash outlets from anywhere in the
world.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
August 21, 2019 04:32 ET (08:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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