05 November 2019
5 November 2019
("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."
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
IFC Advisory Limited (Financial PR & IR) +44 (0)20 3934
Tim Metcalfe / Graham Herring / Florence Chandler 6630
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.
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(END) Dow Jones Newswires
November 05, 2019 02:00 ET (07:00 GMT)