Boku Inc eWallet Payments in South Korea
14 Septiembre 2020 - 1:00AM
RNS Non-Regulatory
TIDMBOKU
Boku Inc
14 September 2020
RNS Reach
14 September 2020
Boku Inc.
("Boku" or the "Company")
Boku adds eWallet Payments in South Korea for Global Video Games
Partner
Boku Inc (AIM: BOKU), a leading global mobile payment and mobile
identity company, is pleased to announce the launch of payments via
KakaoPay in the Republic of Korea ("South Korea") for one of its
global video games partners. KakaoPay will augment the direct
carrier billing payment options already provided by Boku across all
three major mobile operators in South Korea.
Consumers can now make digital purchases through the video game
store using their KakaoPay mobile wallet via the Boku platform.
Boku's support for tokenized payments enable customers to have
their 'mobile payment on file' for subscription or repeat purchases
without having to reauthorize payment details.
Mobile payments ensure convenience and accessibility for almost
all Koreans, due to ubiquitous mobile phone adoption and rapidly
accelerating mobile eWallet usage. Of the roughly 70 million mobile
subscriptions in South Korea, over 25 million of them are monthly
active users of KakaoPay.
Mobile payments are already popular in South Korea and are
forecast to continue to grow at a 12.8% CAGR, reaching $189 billion
by 2025. In 2019, eCommerce payments in South Korea via direct
carrier billing reached $3.5 billion annually while eWallets passed
$12 billion annually(*) .
Jon Prideaux, CEO of Boku, commented , "eWallets are the new
payments phenomenon: developed for mobile, popular with consumers
and merchants, growing fast and accounting for more than 60% of
payments in Asia. This partnership shows how Boku has become a
genuine local payment provider, expanding our offering beyond
carrier billing also to support eWallets. We are excited to give
our merchants more ways to grow their business."
*Worldpay Global Payment Report 2020
Enquiries:
Boku, Inc. +44 (0)20 3934 6630
Jon Prideaux, Chief Executive Officer
Keith Butcher, Chief Financial Officer
IFC Advisory Limited (Financial PR & IR) +44 (0)20 3934 6630
Tim Metcalfe / Graham Herring / Florence Chandler
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, 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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