m commerce |
Boku has had a strong run-up starting from the lows of March 2020 and it peaked out at 212.00 September 2021. We are witnessing a healthy pullback/consolidation from such a strong move up. Nothing continues to go up in a straight line without having healthy pullbacks/consolidations. We shall see. |
Respectfully I say, that I think you are totally misguided with respect to the identity division and what it represented to Boku. I'm watching the monthly chart and I am seeing support coming in and buying from the weak sellers at these prices. If anything I still believe Boku is cheap. We shall see. |
The background: |
It wasn't originally but when they bought the identity business they pined a lot on it and momentum in the rest of the business has slowed. I think the company will grow but not fast enough to justify the current share price inmy view |
If the only reason you held Boku was because of their Identity division then I would agree you should bail. |
Not good news. The big growth hope the ID business that they have been banging on about is being sold. I can see growth to come but nothing spectacular.
I sold out completely this morning |
 Bangladeshi operator Robi Axiata is joining Fortumo’s payments platform.
Merchants connected to Fortumo’s platform can now collect payments from more than 52 million Robi and Airtel subscribers through direct carrier billing.
Fortumo’s Unified SDK connects merchants to Robi and a network of hundreds of telcos and 30+ digital wallets through a single integration. Fortumo hosts and localises Unified SDK checkout flows on its platform, making it simple and scalable for merchants to launch local payment methods across the world.
In Bangladesh, credit card penetration is only 0.2% while 41% of people own a smartphone. For merchants, this creates the problem of having many users able to access services but without a payment method to pay for premium content. Carrier billing solves the problem by allowing any mobile device owner to charge payments to their phone bill instead.
“Demand for digital services is increasing among Bangladeshi consumers but one of the biggest barriers is the payment medium. With partners like Fortumo and carrier billing, it will be much easier to facilitate payments which will contribute us to better serve our customers,” said Ahmed Armaan Siddiqui, EVP of VAS & New Business at Robi Axiata Ltd.
“Adding local payment methods is the main way merchants can achieve rapid revenue growth in emerging markets. Our aim at Fortumo is to make launching those otherwise complex payment methods as simple as possible for merchants,” added Martin Lips, VP of Business Development at Fortumo. |
Money Week.
Three British growth stocks that are ready to boom
Professional investor Chris Ainscough of the Charles Stanley Monthly High Income Fund picks three UK growth stocks for the long term.
by: Chris Ainscough
1 NOV 2021
Boku (Aim: BOKU) is a relatively new addition to our portfolio; it offers online mobile-payment services. Many readers may not have come across the company, given the prevalence of banking and credit and debit-card transactions in the UK. Boku has spent recent years building up an impressive, market-leading payment platform that allows users to pay for goods through their mobile phones.
It has invested heavily in its network and is now poised to capitalise on its expenditure. Profitability and sales look set to rise, with the latter underpinned by the spread of digital wallets. Boku is a promising play on e-commerce and digital payment systems.
https ://moneyweek.com/investments/stocks-and-shares/share-tips/604042/three-british-growth-stocks-that-are-ready-to-boom |
Anyone know what happened to Chimers??? |
Pandemic pushes more than 80% growth for e-wallet players.
Monday, October 18th, 2021 at Money | News
E-wallets transactions rose to an average of 25% post-Covid-19, indicating that consumers will continue to use digital payments
by S BIRRUNTHA / pic by TMR FILE
THE Covid-19 has resulted in more than 80% growth for e-wallet usage in the country, as limited movement pushes cashless payments among Malaysians in the past 18 months.
Based on Google’s e-Conomy South-East Asia 2020 report, e-wallets transactions rose to an average of 25% post-Covid-19, indicating that consumers will continue to use digital payments, given their convenience.
In fact, Malaysians recorded an average of 170 digital payments in 2020 and a report by Boku Inc highlighted that e-wallets are the most preferred payment method among consumers in South-East Asia.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz had noted in his opening keynote address at the recent Malaysian Banking and Finance Summit 2021 that e-wallet volume has increased 89% to 468 million transactions in just one year up to June 2021.
TNG Digital Sdn Bhd CEO Ignatius Ong told The Malaysian Reserve (TMR) that as of the first half of 2021 (1H21), online use cases grew by 86% compared to the post eTunai and ePenjana period (in 2020) versus offline use cases with an increase of 75%.
“We observed that more users are actively transferring e-money within our Touch ‘n Go eWallet ecosystem compared to a year ago, where the ‘Transfer̵7; feature recorded an increase of 182%.
“The pandemic and the enforcement of the Movement Control Orders have boosted the adoption of e-wallet as the situation has pushed consumers into cashless payments with their new shopping and payment habits,” he said in a recent interview.
“The eWallet is secure, with advanced security solutions such as biometric authentication that can reduce the threat of fraud and chargebacks.
“There are also fewer steps to complete a purchase on the eWallet. Additionally, businesses can offer more rewards on the eWallet while users benefit from discounts or reward points,” he said.
Ong added that e-wallet is suitable as an everyday wallet and plays a crucial part in the “new normal”.
E-wallet usage has become essential for purchasing goods, settling bills, food delivery, road tax renewal, insurance purchase, mobile reloads and more.
Additionally, he said Touch ‘n Go eWallet users can also track their spending easily as the eWallet records all transactions digitally and automatically.
He pointed out that merchants were also quick to adopt and embrace the trend as more consumers embraced the usage of e-wallets.
“Touch ‘n Go eWallet currently has more than one million merchants touchpoints, including DuitNow QR, the national QR standard.
“At Touch ‘n Go, we encourage more onboarding for small and medium enterprises (SMEs), and micro-merchants to adopt the e-commerce and e-payment platforms as it allows them to access more than 16 million users across Malaysia,” Ong said.
The firm launched the DuitNow Transfer function yesterday, allowing its users to move their monies from any Internet banking account directly to the eWallet in real-time.
Meanwhile, Boost CEO Sheyantha Abeykoon stated that for 18 months from January 2020 to June 2021, Boost eWallet merchant base increased by over 85%.
He said about 50% of the platform’s new merchants consist of traditional cash-based micro, SMEs.
“During the period, our user base grew by over 76% and our gross transaction value for payments made to online merchants increased by over 35%.
“At the start of the pandemic, our offline QR code-based transactions accounted for almost 70% of our domestic payment volumes and online volumes were 30%.
“By mid-2021, we saw a huge shift and 65% of our payment volumes were generated by online use cases,” he told TMR.
According to him, Boost previously had over 9.3 million users and the platform user base grew by over 76% over the 18-month pandemic period of January 2020 to June 2021.
He added that consumers have opted for safer and more seamless means of transacting as the pandemic raged on.
“For instance, by the end of 2020, we saw a steep 75% increase in our user base and a 65% increase in our merchant base, which was representative of the desire to shift to cashless payment options.
“We believe that some of these trends, in particular, the usage of contactless payments and adoption of digitised means of operating for small business will outlast the pandemic and represent structural shifts in the behaviour of our customers,” he said.
He added that Boost eWallet saw a 40% increase in bill payment on the platform in 1H21 compared to 1H20.
“Partnerships and collaborations also drove e-wallet adoption. Malaysians were already becoming accustomed to online shopping by then, so the addition of our e-wallet as a payment option made it a convenient choice for customers.
“Additionally, business owners also played a big role in driving e-wallet adoption. Businesses needed to adapt to the pandemic and our merchants took our service well and it helped drive the e-wallet usage,” he noted.
Apart from that, Abeykoon said another aspect of the new normal is the use of QR codes being synonymous or second nature with our lifestyle now.
He emphasised that our daily outdoor activities involve scanning a QR code to check-in and check-out wherever we go using the MySejahtera app, and this has helped Malaysians familiarise themselves with scanning QR codes.
He also noted that offline e-wallet payments primarily use QR codes which made it familiar for new e-wallet users to come on board.
https ://themalaysianreserve.com/2021/10/18/pandemic-pushes-more-than-80-growth-for-e-wallet-players/?__cf_chl_jschl_tk__=pmd_u0g0cbqUu2hGtntJi5_2VKYkxT.LwRMJY2nGb3K.Nz8-1634547865-0-gqNtZGzNApCjcnBszQhl |
https: //fintechnews.ch/fintech/money20-20-europe-2021-line-up-key-topics-and-more/48864/ |
Top sessions and speakers
The Money20/20 Europe 2021 agenda will cover a wide spectrum of topics and discuss some of the fintech industry’s biggest trends and issues, ranging from central bank digital currencies (CBDCs) and digital assets, to digital identity and the future of payments.
In the afternoon, Jon Prideaux, CEO of Boku, Shengliang Yang, acting head and deputy head of Europe at UnionPay, and Berit Svendsen, head of international at Vipps, will explain how businesses can be local champions all the while serving customers globally. |
Good news keeps rolling out.
14 September 2021
Boku Inc.
("Boku" or the "Company")
Boku streamlines & secures online transactions in Germany
Boku Inc (AIM: BOKU), a leading global provider of mobile payment and identity solutions, is pleased to announce that Boku Identity has launched its Verify and Authenticate solutions in Germany, with both solutions integrated with O2, Telekom Deutschland, and Vodafone. Now, 120 million German mobile subscribers will have access to more seamless and secure digital account creation and transactions.
The launch in Germany increases Boku's global coverage for Verify and Authenticate to 20 countries. Leading global companies including banks and other financial services companies, social networks, marketplaces and government agencies work with Boku to enhance their digital customer experience while ensuring world-class security for their users.
Verify uses signals from mobile operators to streamline digital customer onboarding while preventing identity theft, money laundering, and social fraud.
Authenticate uses mobile operator SIM-based authentication to secure digital account access without SMS one-time passwords, delivering greater security in a fraction of the time. Authenticate features SIM Swap detection to eliminate this fraud vector quickly and easily.
With increasing digital transformation and swift competition for consumers, these solutions give digital service providers a competitive edge. Boku's mobile identity suite protects consumers from fraud while maintaining personal privacy, fully compliant with GDPR regulations.
Stuart Neal, General Manager for Identity, Boku, commented: "We are honoured to partner with Deutsche Telekom, O2 and Vodafone to bring German businesses and consumers better, safer online experiences. Today, consumers expect seamless and secure online experiences, and Boku along with our partners make this possible." |
https ://www.investmentweek.co.uk/news/4036760/octopus-unveils-uk-future-generations-sustainable-fund
Octopus Investments has launched the FP Octopus UK Future Generations fund, the firm's first retail fund with a sustainable mandate since Octopus group was founded in 2000.
Boku, a global mobile payment and mobile identity company would fit this theme, according to Weller. "The traditional finance system is very inefficient, with about 1.7 billion people still unbanked," the fund manager said.
Octopus Renewables Infrastructure trust announced first fundraise since IPO
"Boku is a a leading provider of direct carrier billing solutions and last year alone they gave 59 million people access to goods and services that otherwise they wouldn't have gotten access to." |
Boku Inc - San Francisco, California-based mobile payments - Sees pretax profit in first half of 2021 soar to USD1.9 million from USD87,000 a year ago. Revenue rises to USD34.2 million from USD24.7 million. Says both the Payments and Identity divisions are performing strongly, adding there is "substantial opportunity" to expand its Payments division. "Our short run performance has been strong, we think our long-term future is brighter still. With positive momentum in both the Payments and Identity businesses, I am confident in our ability to meet the revised, increased expectations over the full year," says Chief Executive Jon Prideaux. |
Just non stop !!!!
19 August 2021
Boku Inc.
("Boku" or the "Company")
Boku launches M1ST Mobile First Payments Network
Boku Inc (AIM: BOKU), a leading global provider of mobile payment and identity solutions, is pleased to announce the launch of the Company's M1ST (aka Mobile First) Payments Network. The M1ST Payments Network features 330+ mobile payment methods, including mobile wallets, direct carrier billing, and real-time payments schemes, reaching 5.7 billion mobile payment accounts in 90 countries - all through a single integration.
1.7 billion consumers have joined the world's middle class in the past decade, with over 90% of the new middle class in emerging markets (Source: Brookings Institute, 2020). Many of the world's new middle class in Asia, Latin America, Africa and the Middle East are bypassing credit cards, and moving from cash to mobile payments like GoPay, Paga, PicPay and UPI. According to the World Bank, 45% of consumers globally use mobile wallets versus just 18% that use credit cards for payments.
However, mobile payment acceptance for global merchants is highly complex, especially due to the extreme fragmentation of mobile payment methods. M1ST solves a number of these challenges so that merchants can easily accept mobile payments, globally, and at scale, including:
● Standardisation - M1ST removes the complexity of disparate technical, legal and contractual considerations, simplifying 330+ payment methods into a single, scheme-like network.
● Digitally Native - M1ST enabled payments are built to support the 0-tap subscriptions and 1-tap checkout transactions that enable new, online business models.
● Future-Proofed - By 2025, nearly 60% of consumers globally are projected to be using mobile wallets; the M1ST Network follows market demand to maximise merchant acceptance.
● Global Settlement - M1ST delivers merchants a single, global settlement, eliminating the complexity of local taxes, foreign exchange, and cash repatriation.
● Local Legal Infrastructure - Through payment licences and local entities, M1ST is capable of accepting regulated payments in nearly 50 countries.
M1ST is designed to eliminate the difficulty of mobile payment acceptance so that merchants can accept mobile payments more quickly, at lower cost, and focus on building world-class user experiences that drive long-term, valuable relationships with their customers.
Commenting Jon Prideaux, CEO of Boku, said: "We've seen a fundamental shift of consumer purchasing power from west to east, from established to emerging markets, and from credit cards to mobile payments. Today, we're launching the M1ST Network to enable global merchants to acquire, monetise, and retain mobile-first consumers.
"For merchants to capitalise on the massive potential of mobile-first consumers, they need to accept the payment methods they have and prefer, which are increasingly behind glass screens, not rectangular pieces of plastic. We've spent the past decade delivering new customers to our merchants through mobile payments. Now that mobile payments have overtaken credit cards globally, merchant acceptance has moved from a competitive advantage to a strategic imperative." |
Berenberg has upped its price target for tech firm Boku, after first half trading beat expectations.
The mobile payments and ID specialist said on Tuesday that interim revenues would be “at least” $34m, up 37% on the previous year, while adjusted earnings before interest, tax, deductibles and amortisation had jumped 50% to $9.6m.
The firm also expects its full-year performance to be ahead of expectations as a result of the strong first half.
Berenberg, which has a ‘buy’ rating on the Aim-listed stock, upped its target price to 260p from 190p following the update, and increased its revenue estimates.
It said: “Ahead of expectations, with so much more to come. Boku delivered a very strong first half update, with payments revenue and EBITDA well ahead of expectations, and its Identity segment returned very strong growth also. This leads us to upgrade our full-year 2021-2023 revenue estimates by 5%.
“More exciting is Boku’s expansion into other mobile-first payment methods, which not only significantly expands its addressable growth opportunity, but also increases its strategic value.” |
200p breakthrough |
Stunning half term report from Boku. |
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