MA MasterCard Incorporated

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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