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Boku Inc (BOKU)

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Wednesday 22 May, 2019

Boku Inc

GrabPay Integration

RNS Number : 7689Z
Boku Inc
22 May 2019
 

22 May 2019

 

Boku, Inc.

("Boku" or the "Company")

 

GrabPay Integration

 

Boku (AIM: BOKU), the world's leading independent carrier commerce company, is pleased to announce an integration with GrabPay, the digital payments solution of Grab Holdings Inc ("Grab"). Grab is the leading 'super app' in Southeast Asia, providing the widest range of on-demand transport services in the region, in addition to food, package delivery and payment services, across 336 cities in eight countries. GrabPay is the region's most popular e-Wallet. Grab is the only technology company in Southeast Asia with access to e-money licenses in the major six Southeast Asian economies.

 

Through the integration, Boku and GrabPay will extend payment capabilities to global businesses within Southeast Asia, allowing them to accept cashless payments and acquire new customers efficiently. The collaboration reflects the growing adoption of eWallets and a shift away from transactional, infrequent usage towards an always-on model that enables users to participate in a wider range of use cases such as transportation, recurring digital subscriptions, and in-app purchases- on an ongoing basis.

 

Jon Prideaux, CEO of Boku, commented: "Southeast Asia is a great example of today's modern mobile-first society, and GrabPay has been leading the way in building tools and technology to help businesses support cashless payments.

 

"We are thrilled to work with GrabPay to help make mobile transactions more simple and accessible."

 

Enquiries:

 

Boku, Inc.

Jon Prideaux, Chief Executive Officer

Stuart Neal, Chief Financial Officer

 

 

 

+44 (0)20 3934 6630

 

Peel Hunt LLP (Nominated Adviser and Broker)

Edward Knight / Peter Stewart / Nick Prowting

 

 

+44 (0)20 7418 8900

IFC Advisory Limited (Financial PR & IR)

Tim Metcalfe / Heather Armstrong / Florence Chandler

 

+44 (0)20 3934 6630

 

 

Notes to Editors

Incorporated in 2008, Boku is the world's leading independent carrier commerce company. Boku's Platform, which is linked to billing, identity and sales systems of more than 170 mobile network operators, simplifies transacting on mobile devices. 

Boku's Payment products enable 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. Its Identity Products are used to verify user details. Companies like Apple, Google, Facebook, Microsoft, PayPal, Spotify, Square, Sony and Western Union use Boku to simplify sign-up, acquire new paying users and prevent fraud.


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