TIDMWJA

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        2% decline over 
                                            prior quarter          prior quarter 
                                      ----------------------  -------------------- 
  Gross Value Flows across HomeSend         0.2% increase        28% increase over 
   platform                               over prior quarter       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                     investors@wameja.com 
  Tom Rowe, Company Secretary 
  Alison Cheek, VP Corporate Communications 
 finnCap Limited (Nomad and Broker)                   www.finnCap.com 
  Corporate Finance: Jonny Franklin-Adams /            T: +44 (0) 20 7220 
  Anthony Adams / Hannah Boros                         0500 
  Corporate Broking: Tim Redfern / Richard Chambers

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 25, 2019 02:00 ET (07:00 GMT)

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