Boku Opens New Office in Singapore to Expand Presence in Asia

September 15, 2016

Today Boku is announcing a new office in Singapore to further expand their footprint in Asia, one of the fastest growing regions for carrier billing. Max Lehmann, Boku VP of Business Development Asia, will head up the office which will be responsible for all of Boku’s business operations in the Asia Pacific region. This is Boku’s fifth office in Asia, which already included offices in Tokyo, Taipei City, Beijing and Mumbai. The new Singapore office provides a strategic advantage for Boku, as it’s centrally located and long considered the business hub for all Asian Pacific markets.

Global carrier billing revenue is expected to reach $25 billion by 2020, with Asia being the most significant driver, contributing to over 50% of overall revenue (Ovum, 2015). Boku has recently seen tremendous growth in emerging markets in Asia, as well as in developed Asian markets like Japan, Taiwan and Singapore. This, coupled with many major app stores and subscription services all recently adopting carrier billing as a mobile payment method and Boku’s partnerships with premier Asian carriers means continued business opportunities in these markets for the foreseeable future.

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