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Wameja (eServGlobal) - HomeSend Q2 volumes +28%

October 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • WJA
  • Price:
  • 5.7p
Wameja, a word in Swahili which I think means “you have arrived,” has been purloined as the new name for eServGlobal, the payment processor. Now just a holding company for a 35.7% stake in the HomeSend jv with Mastercard, the latest Q2 update is beginning to suggest it has indeed arrived after years in the making.To recap, HomeSend was set up as a payments hub for international remittances to family/friends abroad, often to their e-wallet, mobile phone or Western Union shop. But from H2 18, HomeSend for the first time began to process payments for large corporate users who make high-value or frequent payments, with payments terminating at a bank account destination. This has made it a strong alternative to the SWIFT net ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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