Wameja Limited HomeSend KPI Update (4170W)

TIDMWJA

RNS Number : 4170W

Wameja Limited

23 April 2021

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

HomeSend KPI Update

23 April 2021

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 31 March 2021.

 
KPI                                              Q1 2021         Previous Quarter 
                                                                      Q4 2020 
Average Transaction Value                   9% increase over     6% increase over 
                                              prior quarter        prior quarter 
                                           -------------------  ------------------- 
Gross Value Flows across HomeSend            12.2% increase        7.1% 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                              66%                  62% 
                                           -------------------  ------------------- 
Key Destination Markets* Covered                   83                   82 
                                           -------------------  -------------------

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

The first quarter of 2021 saw continued improvement in the Average Transaction Value consistent with the increase in bank transfers as a percentage of Gross Value Flows over the period. Gross Value Flows across the HomeSend platform saw a corresponding increase during the quarter with the growth coming primarily from Mastercard originated institutions.

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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April 23, 2021 02:00 ET (06:00 GMT)

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