PLEASE TELL US A LITTLE ABOUT YOURSELF SO THAT WE CAN DISPLAY THE MOST
APPROPRIATE CONTENT TO YOU:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies used on Trustnet and how you can manage them, see our Privacy and Cookie Policy.

By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms of Use.

For more information Click here

Login

Register

It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
Share   Print      RSS

Boku Inc (BOKU)

Boku Inc

Fortumo launch direct carrier billing in Myanmar
RNS Number : 7745V
Boku Inc
12 August 2020
 

RNS REACH

12 August 2020 

Boku, Inc.

("Boku"  or the "Company" and, together with its subsidiaries, the "Group")

Fortumo launch direct carrier billing in Myanmar

Boku, a leading global mobile payment and mobile identity company, is pleased to announce that its recently aquired subsidiary, Fortumo, has launched a direct carrier billing partnership with Myanmar mobile operator Mytel. Mytel subscribers can now pay for games, in-app content and digital services by charging purchases to their postpaid phone bill or prepaid SIM card.

Fortumo's Hosted DCB and Web SDK solutions make it easy for digital service providers to launch direct carrier billing in a scalable manner. Fortumo manages the checkout flow and localisation on behalf of its merchants, accelerating the time-to-market and reducing the amount of development work needed to launch the payment method. The same integration can be used to collect payments from Mytel and more than 280 other mobile operators across the world connected to Fortumo's platform.

In Myanmar, less than 1% of people have a credit card, while over 80% of people own a smartphone. This creates a problem for digital merchants: while most people can access online content, the vast majority are unable to pay for premium services. Carrier billing solves this for digital merchants by allowing any user to charge online payments to their phone bill. Carrier billing does not require users to create any account and no personal data is collected during the checkout process: payments are instead completed through a simple 2-step verification process.

In Asia, Fortumo recently announced launching direct carrier billing on Google Play for Tune Talk in Malaysia and Ufone in Pakistan.

Dr. Nilar Aye, Chief External Relations Officer at Mytel, commented: "Given Fortumo's partnership with strong merchants, and premium services, we are pleased to cooperate. Fortumo's technical prowess made the integration process smooth, and further enhanced our trust in them. We are excited to bring another top-tier access to premium services to our customers."

Taavi Krusell, VP of Telco Partnerships at Fortumo, commented : "Myanmar's rapid growth in smartphone ownership has created strong interest from digital content merchants in expanding into the country. We are excited to be working with Mytel and giving their subscribers a way to access high-quality digital content, as well as pay for premium services through their phone bill."

Enquiries:

 

Boku, Inc.

Jon Prideaux, Chief Executive Officer

Keith Butcher, Chief Financial Officer

 

 

+44 (0)20 3934 6630

 

IFC Advisory Limited (Financial PR & IR)

Tim Metcalfe / Graham Herring / Florence Chandler

+44 (0)20 3934 6630

 

 

Notes to Editors

About Boku

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment and mobile identity solutions. Boku's technology platform, which is linked to more than 200 mobile wallets and network operators worldwide, verifies user identity, executes payments, and provisions new services, simplifying daily mobile interactions between consumers and digital organizations.

Boku's technology platform is used in over 59 countries with over 815 million verified transactions in 2019, contributing $5 billion to the digital economy. Businesses that currently employ Boku's platform to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Apple, Discover, Experian, Facebook, FIS, Fiserv, Google, Microsoft, Netflix, Paypal, Sony, Spotify and Western Union.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in various locations globally including in the US, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

To learn more about Boku Inc., please visit: https://www.boku.com.

About Fortumo

Fortumo, acquired by Boku on 1 July 2020, is a digital enablement platform for app stores and digital service providers for user acquisition, monetization and retention. The company connects service providers with more than 280 mobile operators across Asia, Europe, Latin America, the Middle East and Africa.

Service providers use Fortumo's platform to manage the end-to-end customer lifecycle of mobile users on these networks through the company's bundling, carrier billing and messaging solutions.

Fortumo's platform is used by thousands of leading digital merchants including Google, Amazon, Spotify, Epic Games, Tencent, Schibsted, OLX and EasyPark. Founded in 2007,Fortumo has offices in San Francisco, Madrid, Delhi, Singapore, Estonia, Hanoi and Jakarta. For more information, please visit https://fortumo.com.

About Mytel

Mytel aims to be the largest operator in terms of both infrastructure and business. Mytel is the first mobile network in Myanmar with the latest 4G technology. Mytel is a caring innovator which pioneers in innovation and creation. Mytel always tries to listen and understand to provide specialized customer care.

Mytel wants to become a telecommunication network that strengthen the power for the people of Myanmar. Mytel commits to bring Myanmar to the digital platform with the largest and most advanced telecom infrastructure.

In addition to telecommunications services, Mytel has also implemented a number of social policies such as providing free Internet connections to schools, hospitals, pagodas and meditation schools; provides video conferencing solutions for government offices and local governments.

Mytel Broadband is always available as a platform for information and technology solutions for all organizations, companies and investors in all industries and sectors in Myanmar towards mutual growth. For more information, please visit https://mytel.com.mm/ .

 



 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRAGRGDIXUBDGGB
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

You are currently using an old browser which will not be supported by Trustnet after 31/07/2016. To ensure you benefit from all features on the site, please update your browser.   Close