Boku offers DCB for Huawei Customers

RNS Number : 9340Y

Boku Inc

28 August 2018

 

28 August 2018

Boku, Inc.

("Boku" or the "Company")

Boku offers DCB for Huawei Customers

Boku (AIM: BOKU), the world's leading independent direct carrier billing company, is pleased to announce that it has secured an agreement with Huawei Consumer Business Group ("Huawei") to provide the company with a carrier billing platform as a payment method for purchases from HUAWEI AppGallery, HUAWEI Mobile Cloud  and HUAWEI Themes.

Huawei is China's leading smartphone manufacturer. According to IDC, Huawei rose to become the world's second largest smartphone manufacturer in Q2 2018 with a global market share of 15.8%.

The agreement will see Boku provide Huawei's growing consumer base around the world the ability to purchase content and services from HUAWEI AppGallery, HUAWEI Mobile Cloud and HUAWEI Themes. Huawei wants to use Boku to give their consumers a seamless and convenient way to make purchases on their handsets so they can enjoy the content on their phones as soon as possible. Target markets include many countries, including the UK, Sweden, Denmark, Switzerland, Norway, Belgium, France, Russia, Spain and Austria.

Jon Prideaux, Boku CEO, commented: "We are very pleased to be working with Huawei. Over the past few years, charging the cost of purchases for your phone bill or pre-paid balance has become the norm for app stores and we've played a leading role in this development. We're proud to be working with China's leading smartphone manufacturer to provide a seamless and convenient payment method ."

Enquiries:

Boku, Inc. Jon Prideaux, Chief Executive Officer Stuart Neal, Chief Financial Officer	[phone]
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight / Nick Prowting	[phone]
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe / Heather Armstrong / Florence Chandler	[phone]

Notes to Editors

Incorporated in 2008, Boku is the leading independent direct carrier billing company in the world. Boku's technology enables mobile phone users, of which there are more than five billion worldwide, to buy goods and services and charge them to their mobile phone bill or pre-pay balance.

Boku's platform connects its customers, including Apple, Google, Facebook, Microsoft, Netflix, Spotify and Sony, with billing, identity and sales systems of mobile network operators. The Group's technology makes a consumer's mobile phone number a convenient and secure payment method, providing an alternative to credit and debit cards. By using Boku, merchants take people with mobile phones and make them paying users.

 

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