Boku Inc Global Expansion of Boku Identity

TIDMBOKU

Boku Inc

21 May 2019

21 May 2019

Boku, Inc.

("Boku" or the "Company")

Global Expansion of Boku Identity

Boku Inc (AIM: BOKU), the world's leading independent carrier commerce and identity verification company, is pleased to announce a global expansion of Boku Identity, extending its identity verification capabilities to over 60 countries by the end of 2019. Boku Identity is trusted by leading Fortune 500 companies, including PayPal and Western Union, and has already performed over one billion user authentications across North America, Western Europe, and Asia.

Boku Identity is powered by the Boku Platform, which aggregates and harmonizes mobile network operator systems across 58 countries worldwide. By combining the Boku Platform with the identity verification and authentication capabilities from recently acquired Danal Inc., Boku Identity helps global enterprises across multiple industries effectively reduce identity fraud, drive conversions, ensure compliance, and deliver a superior customer experience.

As the global digital economy continues to shift towards a mobile-first world, the need for companies to provide their users with a frictionless authentication experience has become a key pre-requisite to successfully scale their businesses. Boku Identity's privacy-by-design and tokenized identity architecture enables global businesses to onboard and service their customers worldwide while maintaining security and user privacy.

Jon Prideaux, CEO, Boku Inc, commented: "With Boku Identity's global expansion, Boku continues its mission of simplifying mobile interactions between people and businesses worldwide. We have carefully designed Boku Identity to provide companies flexibility in their authentication processes, empowering them with control and transparency so they never have to compromise between the security of their business operations and delivering an exceptional customer experience."

Boku Identity is currently live in the United States and the United Kingdom, with identity verification capabilities in 42 markets and plans to extend verification coverage to more than 20 additional markets by the end of 2019.

Enquiries:

 
 Boku, Inc. 
  Jon Prideaux, Chief Executive Officer            [phone] 
  Stuart Neal, Chief Financial Officer              6630 
 Peel Hunt LLP (Nominated Adviser and Broker)      [phone] 
  Edward Knight / Peter Stewart / Nick Prowting     8900 
 IFC Advisory Limited (Financial PR & IR) 
  Tim Metcalfe / Heather Armstrong / Florence      [phone] 
  Chandler                                          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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May 21, 2019 02:02 ET (06:02 GMT)