WJA.L

Wameja Limited
Wameja Limited - HomeSend KPI Update
5th July 2021, 06:00
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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 over prior quarter

9% increase over prior quarter

Gross Value Flows across HomeSend platform

4.9% increase over prior quarter

12.2% increase 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

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:

Wameja Limited

www.wameja.com

John Conoley, Non-Executive Chairman

Tom Rowe, Company Secretary

 

investors@wameja.com

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

Corporate Broking: Tim Redfern / Richard Chambers

 

www.finnCap.com
T: +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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