Last checked at 5 Jul 2021 07:00
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.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.