Earlier this month, Boku CEO Jon Prideaux was invited to speak at Europe’s largest FinTech event: Money 20/20 Europe in Copenhagen. With more than 3,000 in attendance, Jon joined leaders from some of the world’s largest companies to speak on the topics of building and disrupting the ways consumers and businesses manage, spend and borrow money.
The title of Jon’s session was “Disruptive payment infrastructures: Towards enhanced value and efficiencies” and it centered on two major paths for disruption of payments: sustaining innovations built on the existing rails; and innovations that leapfrog the standard payments infrastructure (the latter being Boku’s exact mandate). During the session, Jon and other leaders sought to answer the questions:
Are both paths sustainable? Or will one replace the other?
What are the advantages and disadvantages of relying on our existing payment networks, or of moving to new but disruptive mechanisms?
And who should decide: governments, consumers, or someone else?
In the clip below, Jon lays out the role of banks today in the payments value chain and how they have seen their portion of that chain get smaller and smaller over the past 20-30 years:
You can also check out a highlight reel of the entire event put together by the Money 20/20 team below:
All in all, a very memorable event and a great opportunity for Boku to continue educating the world on the value carrier billing brings to carriers, merchants, and consumers well beyond the digital space. We look forward to revisiting lovely Copenhagen and participating again next year.
Today, Boku partner Xsolla published a brief case study outlining the benefits that Boku carrier billing brings to their network of video game developers and publishers. Based on Xsolla data from the last year, turnover with Boku grew 10x and the company is seeing direct carrier billing becoming a big part of their game monetisation market.
Boku is the leading direct carrier billing mobile payments company integrated with hundreds of mobile operators all over the world. Our bank-grade payments technology allows consumers to charge purchases to their mobile phone bill via global merchant partners including Facebook, Sony, Spotify, Microsoft, Riot Games, and many more.
Xsolla provides video game developers and publishers with payment and billing services for doing business on a global scale. Our advanced monetization solutions make it easy to accept in-game payments worldwide via connection to hi-tech payment platforms.
Today, Boku announced a significant expansion of our relationship with Spotify into three new Southeast Asian markets and working with four carrier partners: Starhub, CHT Global, FarEastone, and Digi International.
Spotify was also one of our first merchant partners to adopt our Phone on File technology, allowing for standing authorization of mobile accounts as a subscriber’s preferred payment mechanism.
Spotify is one of Boku’s largest merchant partners, with more than 75 million accounts worldwide, 20 million paid subscribers and growing. This new expansion will enable pre and post paid purchases of Spotify Premium accounts for millions of new listeners across Singapore, Taiwan, and Malaysia.
If you are a carrier looking to bring Spotify carrier billing to your subscribers, feel free to reach out at firstname.lastname@example.org.
As some of you may have seen, this morning DaoPay announced its acquisition of our landline-based “pay by call” service (formerly mopay Call – created by mopay, acquired by Boku in 2014). This agreement allows Boku to transition our landline offering to a trusted partner while we continue to expand our industry-leading mobile carrier billing service.
By working with DaoPay, we have ensured that our merchants’ technical migration is a simple, frictionless reconfiguration. The DaoPay API also brings with it a number of advantages above and beyond our current landline offering including:
Fully flexible tariffs in most countries
Advanced reporting and analysis
Patented dial-through logic (no PIN announcement)
Online overview of past invoices and payment status
Consumer loyalty programme
To read the full announcement press release, go here. If you have any questions for Boku, please feel free to reach out to email@example.com
The financial industry is notorious for its unwillingness to change. Change is often avoided unless absolutely necessary, and usually at the behest of company executives. This session will focus on the story of Gary’s journey moving from test cases to context-driven testing in a start-up financial technology company and the invitation to change that never arrived.
He felt motivated to change the company’s approach and moved from a test case culture to a testing program based on a heuristic test strategy model. This journey required planning, passion, a leap of faith, and applying other tester’s advice and experiences. His team incorporated techniques and approaches learned in rapid software testing, learning many lessons through this experience.
Gary will show you how to plan your own journey towards context-driven testing and how to gain confidence in enacting that change. Additionally, he will show how to combine community advice with your own experience to catalyze improvements and forward momentum. He will also share tips on how to obtain support from people who matter, and how your passion for testing can help teams embrace change.
This morning, Numericable-SFR and Sony announced a new partnership with Boku to bring carrier billing to gamers on Sony’s PS3, PS4 gaming consoles as well as the portable platforms, the PSP and PS Vida. This partnership expands on Boku’s longstanding relationship with Sony, allowing players to use their mobile phone number to purchase, download, and enjoy the vast library of games and other digital content available on the Sony Playstation Store.
Boku makes paying for content much quicker and easier by allowing users to top-up their account wallet by simply entering their mobile phone number. To make their purchase, the customer connected from the game console, mobile web or the Playstation website has to select “Pay By Mobile”, enter their mobile number and enter a code received by SMS to confirm their Sony wallet top-up. The transaction is then taken into account on the next SFR customer’s mobile invoice or immediately deducted from their prepaid balance.
This morning, our CEO Jon Prideaux was asked to join Maria Bartiromo on her show “Opening Bell” to discuss recent innovations in the mobile payments space. Mr. Prideaux’s experience both as CEO of Boku as well as his time as EVP at Visa came into play during the interview, as the conversation ranged from Apple Pay to how the banks are faring in this new world of payments innovation. A brief rundown of the topics discussed appears below, along with the full 5 minute clip.
Apple Pay & the Apple Watch
Trust & security in mobile technology and mobile payments
Boku is excited to share that we have been nominated for a 2015 Smart Award Asia award for Best Mobile Payments Implementation.
These awards honor those who have demonstrated unparalleled excellence in Asia’s cards, payments and retail industry, and the awards ceremony is acknowledged as the must attend annual event for payments teams across the region, and we are thrilled to be nominated in this category.
Happening at the Suntec Convention and Exhibition Centre in Singapore April 22nd – 23rd, the Cards & Payments Conference and Expo brings together the leaders in the industry to showcase their products, services and solutions at Asia’s largest cards & payments exhibition. Boku will join cutting edge innovators of commerce and thousands of banks, retail, telecoms, transport, government and enterprise executives who want to learn about the latest advancements in payments and banking services.
Boku is honored to be nominated for the 2015 Card Not present (CNP) award in the Best Alternative Payment Solution category. This award honors the companies, programs and solutions that have distinguished themselves in the card-not-present space during the past year. Past winners in this category are Adyen and Verifone and we are thrilled to be considered for the same award.
Happening in Orlando May 18 – 21, the CNP Expo sits at the crossroads of security, e-commerce, software, mobile, retail and payments. The expo connects merchants and major players in the mobile payments ecosystem where they discuss hot button topics and find solutions to challenges that face the industry as a whole. Speakers include representatives from companies including Rent the Runway, Shazam Network, BlueSnap, Microsoft, Facebook, Overstock.com, StubHub, OmniPay, Shopify, Virgin America, Visa, eBay Enterprise and many more.
Voting ends March 31st and we’d be honored to receive your nomination. Place your vote for Boku here.
Thanks to CNP for recognizing Boku’s contributions to the mobile payments industry!
Our mission at Boku is to make the mobile number the world’s most convenient and accessible way to pay, full stop. In order to deliver on that mission, we must be constantly innovating to bring carrier billing technology in line with the long-held advantages of traditional payment options. Today, we announced the release of one such innovation – “Phone-on-File”, the carrier billing world’s first cross-platform answer to the “card on file” technology that has allowed companies like Amazon and Apple amass hundreds of millions of stored credit cards and process billions in purchases. Phone-on-File brings two new ways for merchants to offer carrier billing to their customers: cross-platform Express Checkout, and subscription-based services.
For one-time purchases, Phone-on File is designed to give merchants who use carrier billing the same streamlined one-click checkout offered by services like Amazon, without the need for a credit card. The initial sign-up is completed through a one-time SMS authentication and all future purchases are completed in one click, bypassing a second authorization that is typically required for carrier billing transactions. Importantly, because the authorization is provided to the merchant, consumers can utilize the one-click checkout feature on any platform through which they purchase a merchant’s goods and/or services including desktop, mobile web, and mobile in-app. Boku has implemented Phone-on-File for one-time purchases with a select group of global merchants and the results have shown an average conversion uplift of 5% and a reduction in returning user billing failures by close to 50%.
For subscription purchases, Phone-on-File allows carrier billing to function like credit cards, whereby carrier billing can be accepted as a recurring payment option without the need for subsequent approvals during the subscription period. The technology gives merchants the ability to control the timing of the charge once the user has provided his/her standing authorization and to offer key subscription features such as free and discounted trial periods. It also allows carrier billing to be easily integrated into the merchant’s existing subscription engines.
The new Phone-on-File functionality is currently available in the UK, Germany, Italy and the United States with more markets to be made available in the coming months. If you would like to learn more, feel free to contact us at firstname.lastname@example.org