12th Aug 2020 10:58
(Alliance News) - Wameja on Wednesday said HomeSend has repaid the company's EUR2.5 million loan.
Global payment hub HomeSend is the company's joint venture with Mastercard Inc.
Wameja also said that Mastercard has increased its increased its original EUR15 million loan facility provided to HomeSend by EUR10 million.
The increased Mastercard loan will help HomeSend to fund pre-payment timing gaps as well as provide the funds to repay Wameja loan.
Wameja shares were up 11% to 5.54 pence each on Wednesday morning in London.
By Greg Roxburgh; [email protected]
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