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
The team here at Boku is never far from any major event where we can meet up with our global network of carrier and merchant partners, trade stories and ideas, and meet new potential partners face to face. When it comes to the business of gaming, there are few events larger than the Games Developer Conference right in our home city of San Francisco. The Game Developers Conference (GDC), taking place March 2nd-6th, is the world’s largest and longest-running professionals-only game industry event and attracts over 24,000 attendees to gather to exchange ideas and shape the future of the industry.
This year, the Boku team will not only be attending the conference, but will also be celebrating the addition of the mopay team to our family with a German-themed Happy Hour at Schroeder’s bar & restaurant. If you’d like to join us there, give us a shout at email@example.com.
Also, it’s that time of year again when the entire mobile world descends on beautiful Barcelona for Mobile World Congress (MWC). This year, members of Boku BD and executive teams from around the globe will be on hand at the event taking place March 2nd-5th. We’re looking forward to being on the ground there talking payments over paella and would love to meet you, if you plan to join us in Spain.
If you are attending either MWC or GDC and would like to get together with the team, please email us at firstname.lastname@example.org. Hope to see you there.
To facilitate trade between the east and the west in the 4th Century, Constantine the Great established the gold solidus as the standard of currency. This coin retained its status for about 1,000 years, In its most flourishing periods, the Byzantine state may have produced as many as several hundred thousand gold coins and a million or more copper coins each year. At that point, coinage became the standard for global trade.
Once again, the land of Constantinople may be re-inventing the world of financial liquidity. Carrier billing — paying for something with an extra charge on a mobile phone bill — has historically been limited to purchasing digital goods like video game credits or digital media. In Korea, Japan, Russia and Scandinavia, where carrier-billing fees are low enough that ecommerce, transportation, and ticketing merchants have adopted, the technology is more widely used. But to date, there have been few mass-market examples of carrier billing for offline, physical goods. That’s starting to change, and carriers and merchants in Turkey (along with those in the UK through Boku’s e-Money initiative) are among the first to make carrier-billed payments available for nearly any product.
Working together to drop fees:
Turkish mobile carriers once charged a 20%-30% fee for the use of billing. In some cases, that’s nearly 10 times what merchants pay in credit-card processing fees. As a result, brick-and-mortar merchants stayed away. Dropping the fees to a more credit-card-like 2%-3% was untenable to carriers. Yet they finally reached a deal.
How? The carriers, merchants, and local telco service provider 3pay worked together to find the benefits for the adoption of carrier billing. Partnerships — rather than profits — could create a better user experience, an increase in customer loyalty, and marketing promotional value for each party.
Merchants realized they could attract a younger customer base, offer a better user experience than credit cards and cash, and build brand affinity through a cool, new technology. Carriers wanted the brand affiliation with merchants but also a new revenue source for their networks. As voice and data sales decline, carrier billing offers another way to exploit carrier infrastructure and customer relationships. Both parties compromised on fees. The results have been remarkable to anyone who has worked in or followed the history of carrier billing.
The Revolution is Real – From Gas Stations to Pizza Hut:
Pizza Hut was the pioneer in accepting the new carrier billing fees. It implemented carrier billing to consumers ordering online, on the phone, and in the store. The online and mobile integration increased new paying users by nearly 10%. The conversion of customers who use carrier billing while calling in and order has exceeded even that. When a someone orders a pizza on his mobile, the call-center agent can simply ask the user if he would like to pay by phone. If the user accepts, he receives a text message and immediately replies ‘yes’ to accept the charge. There’s no credit card information to share. It also reduced risk of nonpayment for Pizza Hut — a problem it often encounters with students.
Turkcell and Shell launched the first use of carrier billing at a gas station so that users never have to get out of the car. First-time users must register their license plate and phone number at the Shell store. Then, after the attendant has pumped the gas, they enter the phone number at the register, and the user confirms the text payment. The customer never has to leave the car – imagine how convenient that is when the baby is in the back seat! A large marketing campaign attracted new customers to try the technology, but users returned because subsequent purchases were so easy. Shell and Turkcell also ran marketing promotions sending consumers text messages to lure them back to the same gas station. It worked. They came back again and again. In an industry that typically competes on price, this kind of single-station loyalty is almost unheard of.
The Future – Growth in Turkey and Beyond:
Carriers have achieved so much success they are now increasing spending limits for users and working on ways to further reduce their fees. This should entice even more merchants to sign on. Meanwhile, existing merchants are actively marketing their ability to accept these payments and winning new customers as a result. Turkey’s businesses took a big risk to adopt carrier billing. The reward has been so great, they are working to make it a standard payment method, just as they did with coinage.
It is this kind of cooperation between merchants, carriers, and carrier billing providers that will continue to change the way consumers look at their mobile phone numbers around the globe. Boku is already leading that charge across Europe with our e-Money nitiative that started in the UK with Vodafone, O2, and EE and that allows carrier billing to be used for the purchase of any type of good. As Turkey has shown, the opportunities for real world, carrier-based payments are limitless.
Today, Boku announced a new direct carrier billing partnership with 3 Hong Kong, one of Hong Kong’s leading mobile carriers and part of the 3 global network which provides mobile services to customers across Australia, Austria, Denmark, Macau, Indonesia, Ireland, Italy, Sweden, and the United Kingdom.
This new partnership continues Boku’s rapid expansion in Asia, which has included the opening of new offices in Asia over the past year to serve our growing list of merchant and carrier partners throughout the region. Hong Kong is a particularly attractive market for carrier billing, according to recent Nielsen research. As of early 2014, smartphone penetration in Hong Kong stood at over 87%, with more than 31% of the population owning more than one phone, and 28% of all mobile users participating in some form of m-commerce in the previous month.
Through the new partnership with Boku, 3 Hong Kong subscribers will be able to make purchases on their mobile devices using their mobile phone numbers. At checkout, users choose an item they want to purchase, enter their mobile numbers, and confirm the purchase via text. Their items are then billed to their mobile accounts.
This new partnership with 3 Hong Kong opens millions of new mobile consumers to our industry-leading roster of premium global merchant partners, including Facebook, Sony, Spotify, Electronic Arts, Valve, Wargaming, and many more.