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.
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KPI
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Q3 2020
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Previous Quarter Q2 2020
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Average Transaction Value
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4% decline over prior quarter
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9% increase over prior quarter
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Gross Value Flows across HomeSend platform
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23.0% increase over prior quarter
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93.2% increase over prior quarter
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Payments terminating to a bank account on the HomeSend network as a percentage of Gross Value Flows
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59%
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64%
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Key Destination Markets* Covered
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74
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71
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*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:
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Wameja Limited
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www.wameja.com
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John Conoley, Non-Executive Chairman
Tom Rowe, Company Secretary
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investors@wameja.com
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finnCap Limited (Nomad and Broker)
Corporate Finance: Jonny Franklin-Adams / Charlie Beeson
Corporate Broking: Tim Redfern / Richard Chambers
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www.finnCap.com
T: +44 (0) 20 7220 0500
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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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