Boku Inc Mobile Identity Verification Strategic Partnership

Fecha : 05/11/2019 @ 01:00
Fuente : RNS Non-Regulatory
Emisora : Boku Inc. (BOKU)
Cotización : 87.0  1.0 (1.16%) @ 04:20
Boku Cotización de acciones Gráfica

Boku Inc Mobile Identity Verification Strategic Partnership

TIDMBOKU

Boku Inc

05 November 2019

5 November 2019

Boku, Inc.

("Boku" or the "Company" and, together with its subsidiaries, the "Group")

Boku Enters Strategic Partnership to Offer Silent and Frictionless Mobile Identity Verification with Global Mobile Telecoms Group

Boku (AIM: BOKU), the world's leading independent direct carrier commerce company, is pleased to announce that it has entered into a partnership with a global mobile telecommunications group (the "Partner") to provide mobile identity verification capabilities to the Partner's mobile network operator subsidiaries worldwide.

As part of the agreement, Boku will integrate directly with the Partner's global hub, enabling any of the Partner's mobile network operators worldwide to connect with Boku's Identity platform through a single connection.

The mobile identity verification provided by Boku will enable the Partner's mobile subscribers to enjoy silent, frictionless verification and authentication processes across every mobile interaction with Boku's global merchant portfolio.

This strategic partnership represents a growing trend of mobile network operators recognising that the mobile phone is poised to become not only the default discovery mechanism for consumers, but also the primary device on which they interact with global businesses.

Stuart Neal, Chief Business Officer, Boku Identity, commented: "Consumers are constantly looking for easier frictionless ways to interact on mobile. This agreement will see us continue to build on our strong relationship with this Partner, enabling their operators to seamlessly integrate identity verification.

"For the Partner, it will deepen their relationship with their customers by enabling them to interact and transact in a natural and convenient way. This is another endorsement of Boku's strategy to touch every mobile interaction and whilst progress on Identity has been slower than we initially would have liked, this agreement is yet another indicator of the exciting opportunity ahead of us."

Enquiries:

 
 Boku, Inc. 
  Jon Prideaux, Chief Executive Officer                +44 (0)20 3934 
  Keith Butcher, Chief Financial Officer                6630 
 Peel Hunt LLP (Nominated Adviser and Broker) 
  Edward Knight / Nick Prowting / Christopher          +44 (0)20 7418 
  Golden                                                8900 
 IFC Advisory Limited (Financial PR & IR)              +44 (0)20 3934 
  Tim Metcalfe / Graham Herring / Florence Chandler     6630 
 

About Boku

Incorporated in 2008, Boku is the world's leading independent carrier commerce company. Boku's Platform, which is linked to billing, identity and sales systems of more than 170 mobile network operators, simplifies transacting on mobile devices.

Boku's Payment products enable mobile phone users, of which there are more than five billion worldwide, to buy goods and services and charge them to their mobile phone bill or pre-pay balance. Its Identity Products are used to verify user details. Companies like Apple, Google, Facebook, Microsoft, PayPal, Spotify, Square, Sony and Western Union use Boku to simplify sign-up, acquire new paying users and prevent fraud.

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.

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