[May 08, 2014] |
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Boku Signs Global Mobile Payments Partnership with Deutsche Telekom Group
SAN FRANCISCO --(Business Wire)--
Boku (News - Alert), Inc., the global leader in carrier billing-based mobile
payments, today announced an agreement with Deutsche Telekom Group, one
of the leading mobile network operators in Europe. The partnership
expands on a previous agreement between the two in Germany, Deutsche
Telekom's primary market, to cover the MNO's entire user base in Europe
of over 140 million subscribers across 14 different markets. The
agreement establishes Boku as a strategic partner powering Deutsche
Telekom's payments offerings, provides the company with an advanced
mobile payments API, and gives customers the ability to pay for digital
goods and services simply using their existing mobile phone account.
Merchants offering carrier billing-based mobile payments will generate
incremental revenue from consumers who find mobile the easiest way to
pay, and attract new consumers who previously were unable or unlikely to
pay via other payment options, such as credit and debit cards. When
making purchases from their favorite merchants, consumers will benefit
from a convenient and secure payment experience that is accessible to
Deutsche Telekom (News - Alert) subscribers.
"Strategic partnerships with key carrier groups are what will drive the
entire mobile payments industry forward," said James Patmore, Managing
Director of EMEA for Boku. "As Boku continues to bring on large
merchants with more sophisticated requirements, it requires a deeper
level of coordination with the large carrier groups to offer a solution
that can deliver across multiple markets and via multiple carriers. This
deal is a key milestone in thecontinuing journey of making mobile
payments an established payment system that is accessible to billions of
consumers around the world."
About Boku:
Boku, the leading direct carrier billing mobile payments company, brings
bank-grade payments technology and mobile users together, creating a
trusted, accessible platform for consumers, merchants, and carriers
alike. Based in San Francisco with offices in Europe, Latin America, and
Asia, Boku reaches nearly 4 billion consumers worldwide, across 68
different countries. Boku partners with global merchants including
Facebook (News - Alert), Sony, and Electronic Arts. Leading Silicon Valley
entrepreneurs and venture capitalists fund Boku including Andreessen
Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla
Ventures, and NEA.
For more information visit: www.boku.com
About Deutsche Telekom: http://www.telekom.com/
Deutsche Telekom is one of the world's leading integrated
telecommunications companies with over 142 million mobile customers, 31
million fixed-network lines and more than 17 million broadband lines (as
of December 31, 2013). The Group provides fixed network, mobile
communications, Internet and IPTV (News - Alert) products and services for consumers
and ICT solutions for business customers and corporate customers.
Deutsche Telekom is present in around 50 countries and has approximately
229,000 employees worldwide. The Group generated revenues of EUR 60,1
billion in the 2013 financial year - more than half of it outside
Germany.
Useful Links:
Boku website: http://www.boku.com
Media Kit: http://www.boku.com/press/
Deutsche Telekom website: http://www.telekom.com

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