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HomeSend KPI Update

3rd Feb 2021 07:00

RNS Number : 7877N
Wameja Limited
03 February 2021
 

 

 

Wameja Limited ("Wameja" or the "Company")

 

HomeSend KPI Update

3 February 2021

 

 

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 31 December 2020.

 

 

KPI

Q4 2020

Previous Quarter Q3 2020

Average Transaction Value

6% increase over prior quarter

4% decline over prior quarter

Gross Value Flows across HomeSend platform

7.1% increase over prior quarter

23.0% increase over prior quarter

Payments terminating to a bank account on the HomeSend network as a percentage of Gross Value Flows

62%

59%

Key Destination Markets* Covered

82

74

*Key Destination Markets are markets in which HomeSend has a ubiquitous reach through banking partners.

 

 

The fourth quarter saw a recovery in Average Transaction Value consistent with the increase in bank transfers as a percentage of Gross Value Flows over the period. The quarter also saw continued improvement in Gross Value Flows across the HomeSend platform.

 

The period saw Key Destination Markets increase by approximately 10% as HomeSend completed integrations to reach a number of new markets during the quarter, principally through the Mastercard network.

 

 

Authorised by:

Tom Rowe

Company Secretary

[email protected]

 

  

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

Tom Rowe, Company Secretary

 

[email protected]

finnCap Limited (Nomad and Broker)Corporate Finance: Jonny Franklin-Adams / Charlie Beeson

Corporate Broking: Tim Redfern / Richard Chambers

 

www.finnCap.comT: +44 (0) 20 7220 0500

 

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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