Wameja Limited HomeSend KPI Update (1329C)
October 15 2020 - 1:00AM
UK Regulatory
TIDMWJA
RNS Number : 1329C
Wameja Limited
15 October 2020
Wameja Limited ("Wameja" or the "Company")
HomeSend KPI Update
15 October 2020
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner
with Mastercard in the HomeSend global payment hub, is pleased to
provide the following update on the performance of HomeSend for the
quarter to 30 September 2020.
KPI Q3 2020 Previous Quarter
Q2 2020
Average Transaction Value 4% decline over 9% increase over
prior quarter prior quarter
------------------- -------------------
Gross Value Flows across HomeSend 23.0% increase 93.2% increase
platform over prior quarter over prior quarter
------------------- -------------------
Payments terminating to a bank account
on the HomeSend network as a percentage
of Gross Value Flows 59% 64%
------------------- -------------------
Key Destination Markets* Covered 74 71
------------------- -------------------
*Key Destination Markets are markets in which HomeSend has a
ubiquitous reach through banking partners.
The third quarter saw an increase in growth in Gross Value
Flows, however the trend from Q2 2020 continued with the growth in
the MTO network transactions exceeding the growth in bank
transfers. This increase in the value of MTO transactions across
the network explains the decline in Average Transaction Value and
the Payments terminating to a bank account on the HomeSend network
as a percentage of Gross Value Flows, compared to the continuing
increase in Gross Value Flows during the period.
Authorised by:
Tom Rowe
Company Secretary
trowe@capitalcorporatelaw.com.au
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014.
For further information, please contact:
Wameja Limited www.wameja.com
John Conoley, Non-Executive Chairman investors@wameja.com
Tom Rowe, Company Secretary
finnCap Limited (Nomad and Broker) www.finnCap.com
Corporate Finance: Jonny Franklin-Adams / T: +44 (0) 20 7220
Charlie Beeson 0500
Corporate Broking: Tim Redfern / Richard Chambers
About Wameja
Wameja and Mastercard are joint venture partners of the HomeSend
global payment hub. HomeSend enables cross-border transfer between
bank accounts, cards, mobile wallets, or cash outlets from anywhere
in the world. As a founding partner in the HomeSend hub, Wameja
helped conceive and bring the opportunity to market.
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END
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