Boku Inc Agreement with Paysafe Group

TIDMBOKU

Boku Inc

27 April 2018

27 April 2018

Boku, Inc.

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

Agreement with Paysafe Group

Boku (AIM: BOKU), the world's leading independent direct carrier billing company, is pleased to announce an agreement with leading global payments provider Paysafe Group ("Paysafe").

Boku provides Paysafe with carrier billing deposit services for its NETELLER and Skrill digital wallet services. This added functionality enables verified consumers to use their mobile phones to upload funds to their NETELLER and Skrill wallets. Carrier billing deposits into NETELLER and Skrill digital wallets can be used by consumers to make purchases from a variety of online merchants.

Paysafe's additional services supported by Boku are currently available to consumers in the UK, Norway, Sweden and Switzerland.

Jon Prideaux, CEO of Boku Inc., commented: "This deal with Paysafe really showcases our e-money capability; Boku breaking barriers, taking Carrier Billing into places that it's not been to before. Paysafe is totally the right partner for such a move and we're delighted to see our product being distributed by such an important mainstream payments company."

Lorenzo Pellegrino, CEO of Paysafe's Digital Wallets Division, comments: "With the growth of mobile changing the way we manage our everyday lives, including how we pay, we are making it easier than ever for customers to use our digital wallets from a device. Our multi-territory service supported by Boku supports our goal of offering NETELLER and Skrill customers new ways of transferring funds and making purchases directly from their mobile phone."

Enquiries:

 
 Boku, Inc. 
  Jon Prideaux, Chief Executive Officer                [phone] 
  Stuart Neal, Chief Financial Officer                  6632 
 Peel Hunt LLP (Nominated Adviser and Broker)          [phone] 
  Edward Knight / Nick Prowting                         8900 
 IFC Advisory Limited (Financial PR & IR) 
  Tim Metcalfe / Graham Herring / Heather Armstrong    [phone] 
  / Florence Chandler                                   6630 
 

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, 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 27, 2018 02:01 ET (06:01 GMT)