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Wameja Limited (WJA)

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Monday 25 November, 2019

Wameja Limited

HomeSend KPI Update

RNS Number : 4532U
Wameja Limited
25 November 2019
 

 

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

 

HomeSend KPI Update
25 November 2019

 

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 to 30 September 2019.

 

KPI

Q3 2019

Previous Quarter Q2 2019

Average Transaction Value

3% increase over prior quarter

2% decline over prior quarter

Gross Value Flows across HomeSend platform

0.2% increase over prior quarter

28% increase over prior quarter

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

47%

44%

Key Destination Markets* Covered

67

64

 

 

Q3 2019 results overall were stable for HomeSend, seeing Gross Value Flows and Average Transaction Value remaining consistent quarter over quarter. HomeSend added 3 new Key Destination Markets in the quarter and the percentage of payments terminating to a bank account increased slightly.

 

The quarter saw HomeSend managing multiple bank implementations through its collaboration with Mastercard. HomeSend also commenced several new projects with money transfer operators as part of its traditional business line during the quarter. At the end of the quarter, the total number of live sending customers and Mastercard customers on the HomeSend platform was 28. There were 26 implementations underway at the end of the quarter, with the majority of the implementations being within the banking sector.

 

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

 

For further information, please contact:

Wameja Limited

www.wameja.com

John Conoley, Executive Chairman

Tom Rowe, Company Secretary

Alison Cheek, VP Corporate Communications

 

[email protected]

finnCap Limited (Nomad and Broker)
Corporate Finance: Jonny Franklin-Adams / Anthony Adams / Hannah Boros

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, together with Mastercard. 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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