Wameja Limited HomeSend KPI Update (0887E)

TIDMWJA

RNS Number : 0887E

Wameja Limited

05 July 2021

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

HomeSend KPI Update

5 July 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 30 June 2021.

 
KPI                                              Q2 2021         Previous Quarter 
                                                                      Q1 2021 
Average Transaction Value                     11% increase       9% increase over 
                                            over prior quarter     prior quarter 
                                           -------------------  ------------------- 
Gross Value Flows across HomeSend             4.9% increase       12.2% 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                              72%                  66% 
                                           -------------------  ------------------- 
Key Destination Markets* Covered                   83                   83 
                                           -------------------  ------------------- 
 

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

The second quarter of 2021 saw further improvement in the Average Transaction Value as reduced traffic across several lower average transaction value corridors was replaced with increased volume through a higher average transaction value corridor. Gross Value Flows across the HomeSend platform improved during the quarter largely due to growth in one key Mastercard bank customer which helped to compensate for the reduced traffic across several corridors in May due to the impact of Eid.

HomeSend's continuing focus on bank customers saw the percentage of payments terminating to a bank account improve over the previous quarter.

Authorised by:

Tom Rowe

Company Secretary

[e-mail]

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                 [e-mail] 
  Tom Rowe, Company Secretary 
 finnCap Limited (Nomad and Broker)                   www.finnCap.com 
  Corporate Finance: Jonny Franklin-Adams /            T: [phone] 
  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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July 05, 2021 02:00 ET (06:00 GMT)