Last checked at 28 Jul 2020 08:00
Wameja Limited ("Wameja" or the "Company")
HomeSend KPI Update
28 July 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 June 2020.
KPI | Q2 2020 | Previous Quarter Q1 2020 |
Average Transaction Value | 9% increase over prior quarter | 30% increase over prior quarter |
Gross Value Flows across HomeSend platform | 93.2% increase over prior quarter | 33.8% increase over prior quarter |
Payments terminating to a bank account on the HomeSend network as a percentage of Gross Value Flows | 64% | 65% |
Key Destination Markets* Covered | 71 | 68 |
*Key Destination Markets are markets in which HomeSend has a ubiquitous reach through banking partners.
The second quarter saw a significant increase in growth in Gross Value Flows across both its bank and MTO network. Contrary to Q1 2020, Q2 saw a near equal weighting in the growth between HomeSend's bank and MTO network due to the growth in a few recently integrated MTOs and an increase in demand generally for person-to-person transfer delivery during COVID-19. This near equal weighting in growth explains the relatively minimal change compared to Q1 2020 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 change in Gross Value Flows during the period.
The increase in Gross Value Flows during the quarter led to HomeSend requiring the €15M loan facility from Mastercard at the end of June 2020.
HomeSend maintains its intention to review its business plan towards the end of Q3 2020, to ensure that HomeSend is structured for any acceleration in its increasing customer base and volume growth.
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 / Hannah Boros 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.