TIDMWJA

RNS Number : 1329C

Wameja Limited

15 October 2020

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

HomeSend KPI Update

15 October 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 September 2020.

 
KPI                                              Q3 2020         Previous Quarter 
                                                                      Q2 2020 
Average Transaction Value                    4% decline over     9% increase over 
                                              prior quarter        prior quarter 
                                           -------------------  ------------------- 
Gross Value Flows across HomeSend            23.0% increase       93.2% increase 
 platform                                   over prior quarter   over prior quarter 
                                           -------------------  ------------------- 
Payments terminating to a bank account 
 on the HomeSend network as a percentage 
 of Gross Value Flows                              59%                  64% 
                                           -------------------  ------------------- 
Key Destination Markets* Covered                   74                   71 
                                           -------------------  -------------------

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

The third quarter saw an increase in growth in Gross Value Flows, however the trend from Q2 2020 continued with the growth in the MTO network transactions exceeding the growth in bank transfers. This increase in the value of MTO transactions across the network explains the decline 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 continuing increase in Gross Value Flows during the period.

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                 investors@wameja.com 
  Tom Rowe, Company Secretary 
 finnCap Limited (Nomad and Broker)                   www.finnCap.com 
  Corporate Finance: Jonny Franklin-Adams /            T: +44 (0) 20 7220 
  Charlie Beeson                                       0500 
  Corporate Broking: Tim Redfern / Richard Chambers

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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END

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October 15, 2020 02:00 ET (06:00 GMT)

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