Boku Inc.

Jun 25, 2020

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.”

Enquiries:

Jun 15, 2020

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

Jun 2, 2020

Boku Inc (AIM: BOKU), the world’s leading independent carrier commerce company, is pleased to provide an update to its global coverage for mobile identity services as Boku now offers mobile identity verification capabilities in more than 50 countries.

Through direct connections to mobile network operators (“MNO”s), including all UK MNOs supplemented by indirect connections via authoritative and trusted third parties, Boku can now offer Identity services from over 200 carriers covering 51 countries, including 34 countries in Europe, the Middle East and Africa, nine in the Americas and eight in the Asia-Pacific region. This demonstrates the significant progress that has been made to position Boku as the provider with the widest reach of phone verification services globally.  When Boku’s Identity business was formed through the acquisition of Danal Inc on 1 January 2019, services were only provided in three countries; the USA, Canada and the UK.

The mobile verification capabilities provided by Boku will help some of the world’s largest companies to seamlessly verify good customers via their mobile device and reduce the negative impacts caused by fraudsters through social engineering. Read full post

May 26, 2020

One-Time Passcodes (OTPs) delivered via SMS are increasingly being used by companies to secure transactions and protect customer data. But growing rates of compromise are causing concern for regulators. Adam Lee, Chief Product Officer at Boku, looks at what’s happening and suggests some alternatives.

Our previous blog looked at the rapid rise of Account takeover (ATO) as a fraud risk for companies across many sectors. As explained in that article, many companies are now looking to OTPs delivered by SMS to confirm user identity and secure transactions, given growth in ATO compromises. However, a number of developments point to the growing insecurity of OTPs as a means of account confirmation – and the industry is weighing alternative means of verifying user identity.

For European companies, alarm bells started to ring earlier this year when respected international fraud specialists FICO published their 2018 fraud report for Europe. That report revealed that ID theft had shot up by 48% in the UK alone, driven mainly by increasing fraud on mobile devices. Around 70% of that mobile fraud can be attributed to ATO, in which criminals target user accounts by compromising their social media information or purchasing stolen account information over the dark net. Read full post