Boku has developed and operates a platform that connects mobile carriers with merchants. This supports direct carrier billing (DCB), which serves as an alternative payment method for companies selling digital content, and identity verification services, which enable merchants to sign up and transact with users while meeting regulatory requirements and avoiding fraud. Boku has signed up the leading merchants in key digital content categories (music, app stores, games) and, after a period of investment to connect merchants and mobile network operators (MNOs) to its platform, is seeing strong volume growth. Boku has c 210 employees, with its main offices in the US, UK, Germany and India.
In this video, CEO Jon Prideaux discusses the highlights of the company’s FY19 results. He outlines the underlying performance of the Payments business and explains the opportunity to address the digital wallet market. He gives an update on progress in the Identity businesses since acquiring Danal at the start of 2019. He outlines the company’s short- and medium-term priorities, and explains how COVID-19 could potentially drive higher volumes for the Payments business.