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.
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.
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 protected]
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 [email protected] Hope to see you there.
Recently, Boku made it’s official splash on the Tokyo social scene with a party at the Two Rooms Grill at Omotesando. With many folks in attendance, we had Japanese players in the tech community representing global software, gaming and online payment companies.
Friends of ours brought their own friends, paving the way for new connections and friendships being made along the way over delicious sake and Japanese whiskey. Many thanks to all of our old and new friends for attending. We look forward to seeing you again professionally and at the next tech community shindig.
For those of you who missed that flight to NRT and couldn’t attend, drop us a line if you’re interesting in learning more about Boku.
Boku cares about the community we live and work in which is why some of our charitable employees volunteered to serve dinner recently at Glide. According to its website, “Glide’s mission is to create a radically inclusive, just and loving community mobilized to alleviate suffering and break the cycles of poverty and marginalization.” Started in 1923 by Lizzie Glide, the once strictly Methodist Church is now a rapidly growing community center dedicated to helping everyone and anyone from all walks of life.
Feeding the hungry is just some of the necessary work Glide is doing to serve those in our city most in need. We were happy to donate our time, but they also need yours along with any other resources you can muster. To learn more about Glide and the amazing work that they’re doing, follow them on Twitter @SlideSF or visit their website to find out how you can help: http://www.glide.org/
We look forward to volunteering again soon. Thanks for letting us contribute.
Last week, Boku’s VP of Marketing Ray Ramillosa traveled to Singapore to deliver a talk on the future of mobile payments in Asia. The Casual Connect Association was founded in 2005 with a mission to provide educational resources and community support for the consumer gaming mass market. Casual Connect brings together the most talented and knowledgable experts in the gaming field to further the causal games industry with the best of networking and learning.
Ray’s talk, “The Evolution & Promise of Carrier Billing”, focused on the participants in the mobile payments value chain and how each has benefited from direct carrier billing. We specifically delved into the Japanese and Korean markets and outlined the evolution of carrier billing along with projected growth patterns. With the introduction of increased payouts, migration from PSMS to Direct Carrier Billing, and support for richer types of content, the remaining Asian markets are perfectly positioned for significant growth in total revenue derived from carrier based billing.
As Asia continues to grow at breakneck speed, smartphones become more ubiquious and more merchants enter into the ecosystem, carrier based billing is ripe for growth and Boku will be there, continuing to lead the charge. Thanks to everyone at CasualConnect Asia for hosting and showing us all the what the future looks like. Hope to see you again next year.
It’s that time of year again and Boku is making its way to GSMA’s Mobile World Congress in Barcelona. For the uninitiated, the GSMA represents the interests of the global mobile communications industry. The organization spans 220 countries uniting nearly 800 of the world’s mobile operators and more than 200 companies in the broader mobile ecosystem. This includes handset makers, software companies, equipment providers, Internet companies, and media and entertainment organizations.
Anyone who’s been to MWC knows it’s a massive, chaotic, and exciting event. Because Boku is the world leader in carrier billing-based mobile payments, with coverage in 68 countries across 260+ different mobile carriers, we belong there rubbing shoulders with the biggest and best mobile companies out there.
If you’re going to be in Barcelona and want to meet up, give us a holler at [email protected]
Boku sales leaders recently descended upon India for the first ever Boku Asia Sales Conference. The execs put their heads together to discuss strategy, plans and ideas for 2014 and beyond. Topics of note included discussing Boku’s vision for carrier billing in Asia over the near term as well as mobile and carrier strategies in emerging Asian and near-Eastern markets. The two day conference brought together Boku-ers from around the world as well as some distinguished guests including Sunny Matthews of Idea Cellular, Hari Nair from Sony Music, and Dev Khare of Lightspeed Ventures.
Many thanks to everyone for making the long trek to India and a special thank you to our guest speakers for taking the time to help Boku plan for the future. If you’re an Asian merchant looking to leverage the Boku payments platform, you can contact us here: http://www.boku.com/merchant-partnerships/
The Future of Money & Technology Summit brings together the best and brightest thinkers around money and, recently, forward thinking leaders in the technology payments arena flocked to San Francisco to discuss the challenges and opportunities facing our industry. Business leaders, entrepreneurs and press met to discuss the evolving money ecosystem and covered everything from Bitcoin to the FinTech investment climate to new banking models, and more.
Boku’s Chief Product Officer Adam Lee participated on the Mobile Panel alongside executives from Braintree, Jumio, Javelin Payments, and Flint to discuss a wide variety of topics. The discussion ranged across overall consumer behavior will change with regard to how they will manage, monitor and ultimately move money, mobile payment adoption, security issues in mobile payments, and the emergence and adoption of Bitcoin as a mainstream currency. The panel session then focused on where we are now versus where we’ll be in 2013 with regard to consumers and companies benefiting more and more from mobile finance, control and payment capabilities. Essentially, what will be the future of money in 2023?
Many thanks to the organizers and glad we had a chance to envision the future together.
Boku is honored to be one of five companies chosen as a finalist for the 10th Annual Meffys Awards in the category of Mobile Money, joining fellow finalists Barclays, Etisalat, Mahindra Comviva, and Monitise . With entries from all five continents, this Meffy awards ceremony has a distinct focus on the international impact of mobile innovation. The winners will be announced this Thursday, November 14th at the Meffys 2013 Gala Dinner at the Intercontinental San Francisco as part of the MEF Global Forum.
Judged by an international panel of over 40 journalists, academics, analysts and VCs, the awards are acknowledged as the global benchmark for measuring success and rewarding innovation in mobile content and commerce. The event will be hosted by Daniel Sieberg, Emmy nominated and award winning author & broadcaster and Google’s Head of Media Outreach. Speakers will include representatives from companies including Evernote, Shazam, Mozilla, Facebook, Verizon Wireless and many more.
In addition to the awards ceremony, Boku’s GM in the Americas, Kevin Grant, will be speaking on a panel at the Global Forum on Friday as part of the day’s focus on Global Growth & Monetization. Kevin will be part of MEF’s effort to showcase international success stories and look at how to establish the right partnerships to do business and grow globally.
Many thanks to MEF for recognizing Boku’s contributions and we looking forward to seeing you at the Gala this week. Our fingers are crossed.