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HomeSend KPI Update

15th Oct 2020 07:00

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 prior quarter

9% increase over prior quarter

Gross Value Flows across HomeSend platform

23.0% increase over prior quarter

93.2% increase 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

[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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