Last checked at 28 Feb 2020 07:00
Wameja Limited ("Wameja" or the "Company")
HomeSend KPI Update
28 February 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 to 31 December 2019.
KPI | Q4 2019 | Previous Quarter Q3 2019 |
Average Transaction Value | 6% increase over prior quarter | 3% increase over prior quarter |
Gross Value Flows across HomeSend platform | 1.9% increase over prior quarter | 0.2% increase over prior quarter |
Payments terminating to a bank account on the HomeSend network as a percentage of Gross Value Flows | 55% | 47% |
Key Destination Markets* Covered | 68 | 67 |
HomeSend continued to show momentum in transaction numbers and gross value flows during Q4 2019 and that positive trend has continued into 2020. In addition, 8 new sending customers and Mastercard customers have gone live on the platform since the beginning of Q4 2019 to date, bringing the total to 36 live sending customers and Mastercard customers on the HomeSend platform. The quarter also saw bank transactions exceed 50% of global volumes for the first time.
*Key Destination Markets are markets in which HomeSend has a ubiquitous reach through banking partners.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 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 / Anthony 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.