TIDMWJA

RNS Number : 4707E

Wameja Limited

28 February 2020

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     3% increase over 
                                              prior quarter        prior quarter 
                                           -------------------  ------------------- 
Gross Value Flows across HomeSend             1.9% increase        0.2% 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                              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                 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 
  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. 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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