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Boku Inc - US-based mobile payments solution provider - Introduces eWallet payments in Indonesia for one of its global music streaming partners. States it has added DANA, GoPay, and OVO which are three of the most popular Indonesian eWallets - as new payment options for the unnamed partner's premium subscription service.
Company states credit card use in Indonesia is below 5%, adding that reports show eWallets have become the country's fastest growing payment method and a critical tool for growing online sales
"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," says Boku Chief Executive Jon Prideaux.
Current stock price: 89.00 pence
Year-to-date change: up 2.9%
By Ife Taiwo; ifetaiwo@alliancenews.com
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