TIDMBOKU
Boku Inc
12 August 2020
RNS REACH
12 August 2020
Boku, Inc.
("Boku" or the "Company" and, together with its subsidiaries,
the "Group")
Fortumo launch direct carrier billing in Myanmar
Boku, a leading global mobile payment and mobile identity
company, is pleased to announce that its recently aquired
subsidiary, Fortumo, has launched a direct carrier billing
partnership with Myanmar mobile operator Mytel. Mytel subscribers
can now pay for games, in-app content and digital services by
charging purchases to their postpaid phone bill or prepaid SIM
card.
Fortumo's Hosted DCB and Web SDK solutions make it easy for
digital service providers to launch direct carrier billing in a
scalable manner. Fortumo manages the checkout flow and localisation
on behalf of its merchants, accelerating the time-to-market and
reducing the amount of development work needed to launch the
payment method. The same integration can be used to collect
payments from Mytel and more than 280 other mobile operators across
the world connected to Fortumo's platform.
In Myanmar, less than 1% of people have a credit card, while
over 80% of people own a smartphone. This creates a problem for
digital merchants: while most people can access online content, the
vast majority are unable to pay for premium services. Carrier
billing solves this for digital merchants by allowing any user to
charge online payments to their phone bill. Carrier billing does
not require users to create any account and no personal data is
collected during the checkout process: payments are instead
completed through a simple 2-step verification process.
In Asia, Fortumo recently announced launching direct carrier
billing on Google Play for Tune Talk in Malaysia and Ufone in
Pakistan.
Dr. Nilar Aye, Chief External Relations Officer at Mytel,
commented: "Given Fortumo's partnership with strong merchants, and
premium services, we are pleased to cooperate. Fortumo's technical
prowess made the integration process smooth, and further enhanced
our trust in them. We are excited to bring another top-tier access
to premium services to our customers."
Taavi Krusell, VP of Telco Partnerships at Fortumo, commented :
"Myanmar's rapid growth in smartphone ownership has created strong
interest from digital content merchants in expanding into the
country. We are excited to be working with Mytel and giving their
subscribers a way to access high-quality digital content, as well
as pay for premium services through their phone bill."
Enquiries:
Boku, Inc.
Jon Prideaux, Chief Executive Officer +44 (0)20 3934
Keith Butcher, Chief Financial Officer 6630
IFC Advisory Limited (Financial PR & IR) +44 (0)20 3934
Tim Metcalfe / Graham Herring / Florence Chandler 6630
Notes to Editors
About Boku
Boku Inc. (AIM: BOKU) is a leading global provider of mobile
payment 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.
About Fortumo
Fortumo, acquired by Boku on 1 July 2020, is a digital
enablement platform for app stores and digital service providers
for user acquisition, monetization and retention. The company
connects service providers with more than 280 mobile operators
across Asia, Europe, Latin America, the Middle East and Africa.
Service providers use Fortumo's platform to manage the
end-to-end customer lifecycle of mobile users on these networks
through the company's bundling, carrier billing and messaging
solutions.
Fortumo's platform is used by thousands of leading digital
merchants including Google, Amazon, Spotify, Epic Games, Tencent,
Schibsted, OLX and EasyPark. Founded in 2007,Fortumo has offices in
San Francisco, Madrid, Delhi, Singapore, Estonia, Hanoi and
Jakarta. For more information, please visit
https://fortumo.com.
About Mytel
Mytel aims to be the largest operator in terms of both
infrastructure and business. Mytel is the first mobile network in
Myanmar with the latest 4G technology. Mytel is a caring innovator
which pioneers in innovation and creation. Mytel always tries to
listen and understand to provide specialized customer care.
Mytel wants to become a telecommunication network that
strengthen the power for the people of Myanmar. Mytel commits to
bring Myanmar to the digital platform with the largest and most
advanced telecom infrastructure.
In addition to telecommunications services, Mytel has also
implemented a number of social policies such as providing free
Internet connections to schools, hospitals, pagodas and meditation
schools; provides video conferencing solutions for government
offices and local governments.
Mytel Broadband is always available as a platform for
information and technology solutions for all organizations,
companies and investors in all industries and sectors in Myanmar
towards mutual growth. For more information, please visit
https://mytel.com.mm/ .
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.
END
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