Wameja Limited HomeSend KPI Update (3050U)
28 Julio 2020 - 2:00AM
UK Regulatory
TIDMWJA
RNS Number : 3050U
Wameja Limited
28 July 2020
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 30% increase
prior quarter over prior quarter
------------------- -------------------
Gross Value Flows across HomeSend 93.2% increase 33.8% 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 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 EUR15M 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 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
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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