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Boku Inc

17 August 2020

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17 August 2020

Boku Inc.

("Boku" or the "Company")

Boku adds eWallet Payments in Indonesia for its Global Music Streaming Partner

Boku Inc (AIM: BOKU), a leading global mobile payment and mobile identity company , is pleased to announce the introduction of eWallet payments in Indonesia for one of its global music streaming partners (the "Partner").

Boku has added DANA, GoPay, and OVO, three of the most popular Indonesian eWallets, as new payment options for the Partner's premium subscription service. With credit card penetration below 5%, eWallets have become Indonesia's fastest growing payment method and a critical tool for growing online sales in that country. eWallet use is most prevalent with Indonesia's youth. Recent reports indicate that 75% of Indonesian ewallet app users are 20-35 years old, with 68% of these using digital wallets at least once a week.

Jon Prideaux, CEO of Boku, commented: "Whether it is direct carrier billing or eWallet payments, this partnership is further illustration of Boku's commitment to acquire new paying users for our merchant partners wherever the reach of traditional card payments is simply inadequate. This is especially true in markets like Indonesia where local eWallets are on pace to command the majority of all online payment methods in the coming years."

Enquiries:

 
 
  Boku, Inc. 
  Jon Prideaux, Chief Executive Officer       +44 (0)20 3934 
  Keith Butcher, Chief Financial Officer      6630 
IFC Advisory Limited (Financial PR & IR) 
 Tim Metcalfe / Graham Herring / Florence   +44 (0)20 3934 
 Chandler                                    6630

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, 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

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August 17, 2020 02:00 ET (06:00 GMT)

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