Jon Prideaux, Boku’s CEO, provides an update on trading which despite the challenges presented by COVID-19, shows strong growth, particularly from the payments division.
Boku CEO, Jon Prideaux, recently spoke at the 2020 Date Summit in Taiwan.
In this presentation, he discusses history and trends that have shaped mobile payments into the industry it is today. From Archilochus to 5G, Jon touches on milestones and pitfalls (plus the impact of Covid-19), with a look to the future.
London, Boku (AIM: BOKU), a leading global provider of mobile payment and mobile identity solutions, is pleased to announce a partnership with LINE Pay, one of Japan’s largest eWallet and QR code payment service providers.
This partnership will allow more than 37 million LINE Pay users in Japan to pay for merchant digital goods and services through the Boku platform. This agreement furthers the extensive depth of payment options for Japanese merchants and consumers alike that no other local payment services providers can match.
Hisahiro Chofuku, CEO and President of LINE Pay, commented: “Both public and private sectors are proactively taking action to shift Japan’s long-standing cash society toward a cashless one. By joining forces with Boku, we’re aiming to expand LINE Pay’s services even further and do our part in advancing Japan’s cashless movement.”
Jon Prideaux, CEO of Boku, commented: “We are extremely pleased to be an integral and strategic partner with LINE Pay in enabling the acceleration of digital commerce and cashless payments in Japan. Together, we can make mobile transactions simpler and deliver value to the merchants and users of the digital ecosystem.”
Traditional carrier billing allows consumers to make one-off purchases that telcos would add to a customer’s phone bill. But today, telcos and digital service providers are increasingly bundling digital goods directly into a consumer’s telecom subscription. An example that U.S. consumers will be most familiar with are phone plans that offer a free subscription to Apple Music, Disney+ or Netflix.
Boku is pleased to announce that it has conditionally agreed to acquire Fortumo Holdings, Inc. and its subsidiaries in a transaction valued at a maximum enterprise value of $41 million.
The Acquisition is a significant step in Boku’s global Direct Carrier Billing (DCB) growth strategy, bringing together the two most profitable platforms in the DCB market with complementary capabilities and customer bases. The Acquisition will cement the Group’s positioning as a leading mobile payment and mobile identity solutions company. Fortumo primarily focuses on providing mobile payment solutions to over 400 small-to-medium sized enterprises, but also services larger merchants including Google, Amazon and Tencent.
Watch the video to find out more.
Adam Lee, Chief Product Officer at Boku, reviews the latest data on Account Takeover (ATO) fraud in the United States and calls on those involved in online commerce to take action.
The latest data to emerge on rising ATO fraud in the US should be of real concern to anyone engaged in online commerce. In its 2020 E-Commerce Report, TransUnion Global Fraud & Identity Solutions reports a 347% increase in account takeover fraud, and a 391% rise in shipping fraud attempts globally against online retail customers between 2018 and 2019.
TransUnion’s data also revealed that 78% of all e-commerce transactions came from mobile devices in 2019, which represents a 33% increase from 2018. As we predict in our white paper on Account Takeover, this is part of a long-term trend to mobile which has left companies involved in online commerce scrambling to ensure a mobile-first experience for consumers not just when browsing, but also when confirming their identity during the purchasing process.
As part of this same trend, TransUnion reported a 118% increase in risky transactions from mobile devices in 2019. Fraudsters have taken notice that more e-commerce transactions are coming from mobile devices and are trying to replicate consumer behaviour in the mobile channel to avoid detection. Read full post
London, Boku (AIM: BOKU), the world’s leading independent provider of mobile payment and mobile identity solutions, is pleased to announce a partnership with PayPay, Japan’s leading eWallet and QR code payment service.
This partnership allows Boku merchants to offer the PayPay payment service through their existing connection and reinforces Boku’s commitment to enable its merchants to acquire new paying users by providing simple access to the best local payment options available.
PayPay and Boku have partnered together to offer a ‘card-like’ experience to Japanese consumers for the PayPay eWallet. PayPay users will be able to place their eWallet ‘on-file’ enabling AppStore, Game Console and digital OTT subscription services to take advantage of functionality traditionally associated with cards.
Yoshitaka Ito, Deputy Division Head, Sales Group Online Sales Division of PayPay, commented, “Through a partnership with PayPay, which has been enabling and accelerating the adoption of cashless payments in Japan, and Boku, a world-leading payment service provider, we are delighted to be able to provide more merchants and consumers with the convenience of cashless payments.” Read full post
Fans in Germany and Switzerland become the first to be able to subscribe to DAZN via their mobile phone bill
Partnership with Telefónica Germany (o2) and Swisscom enables simple and secure payment as live coverage of many sports returns to DAZN
Ben King, SVP Global Distribution and Business Development, DAZN said: “Our customers have clearly told us how they enjoy the speed, simplicity and convenience of paying for digital entertainment through their mobile phone – and so we are thrilled to collaborate with global leaders, Telefónica Germany (o2), Swisscom and Boku to enable this feature for them. We expect this to be the first of many operator payment partnerships in Europe and globally as we continue our mission to build the world’s most affordable and accessible sports service for fans.”