Mastercard-Wameja JV HomeSend Increased Gross Value Flows in 1Q
April 23 2021 - 3:33AM
Dow Jones News
By Adria Calatayud
Wameja Ltd. said Friday that its HomeSend payments joint venture
with Mastercard Inc. increased gross value flows in the first
quarter of 2021 compared with the prior quarter.
Wameja, a payments-technology company which in September agreed
to be bought by Mastercard, said HomeSend's gross value flows
increased 12% over the prior quarter, with an average transaction
value that was 9% higher on quarter.
The proportion of payments terminating to a bank account on the
HomeSend network rose to 66% in the first quarter from 62% in the
previous quarter, Wameja said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 23, 2021 03:18 ET (07:18 GMT)
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