Boku Inc Trading Update (4574P)
10 Junio 2020 - 1:00AM
UK Regulatory
TIDMBOKU
RNS Number : 4574P
Boku Inc
10 June 2020
10 June 2020
Boku Inc.
("Boku" or the "Company")
Trading Update
Record deployments and new user adoption in the first five
months of 2020
Boku Inc (AIM: BOKU), the world's leading independent carrier
commerce company, is pleased to provide an update on trading in the
first five months of the current financial year to 31 December
2020.
Good progress was made in both the Payments and Identity
divisions, in the five months ending 31 May 2020. Total Payment
Volumes ("TPV") reached $2.6 billion, an increase of 35% compared
to the same period last year, as the business benefited from
increased usage in those countries affected by coronavirus
lockdowns. Payment Monthly Active Users ("MAU") exceeded 20 million
in May 2020, an increase of 36% on May 2019 and an increase of
nearly 12% on the MAUs previously reported for February 2020. The
number of New Users - people making their first ever payment
transaction at a Boku merchant - in the first five months of 2020
was 9.2 million, an increase of 1.5 million (20%) on the same
period in 2019.
New Payment launches are running at record levels with new
deployments in the first five months of the year in Asia, Europe,
the Middle East and the Americas for a wide range of merchants
including Google, Netflix, Sony, Spotify and Tencent. Momentum on
wallets has been maintained, with the number of live wallets
processing live payment transactions increasing from two in
February 2020 to seven in May 2020.
Our Identity division has made good progress in building out an
international solution: the number of supply connections has been
significantly expanded through the addition of both direct and
indirect connections to over 200 carriers in 51 countries,
including 34 countries in Europe, the Middle East and Africa, nine
in the Americas and eight in the Asia-Pacific region. Merchants are
now live and generating revenue in five countries. Significant
launches include FIS, the global payment processing business that
includes Worldpay.
Jon Prideaux, CEO of Boku, commented : "Boku has traded strongly
through the period of lockdown with existing merchants benefiting
from increased demand for home entertainment as more people spend
time at home, leading to record levels of new users making their
first Boku Payment. Operationally, Boku has been able to build
supply and activate new customers across both Identity and Payments
in record numbers.
"We look forward to providing further updates at the half year
stage and remain confident of meeting market expectations for the
current year."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/ 2014. For the purposes of
MAR and Article 2 of Commission Implementing Regulation (EU)
2016/1055, this announcement is being made on behalf of Boku by
Keith Butcher, Chief Financial Officer of Boku.
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)
Tim Metcalfe / Graham Herring / Florence +44 (0)20 3934
Chandler 6630
About Boku
Boku Inc. (AIM: BOKU) is one of the world's leading providers of
mobile commerce and mobile identity solutions. Boku's technology
platform, which is linked to more than 200 mobile wallets and
network operators worldwide, verifies user identity, executes
payments, and provisions new services, simplifying daily mobile
interactions between consumers and digital organizations.
Boku's technology platform is used in over 59 countries with
over 815 million verified transactions in 2019, contributing $5
billion to the digital economy. Businesses that currently employ
Boku's platform to simplify sign-up, acquire new paying users and
prevent fraud include global leaders such as Apple, Discover,
Experian, Facebook, FIS, Fiserv, Google, Microsoft, Netflix,
Paypal, Sony, Spotify and Western Union.
Boku Inc. was incorporated in 2008 and is headquartered in
London, UK, with offices in various locations globally including in
the US, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore,
Taipei, and Tokyo.
To learn more about Boku Inc., please visit:
https://www.boku.com
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END
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