Last checked at 28 Nov 2019 07:00
28 November 2019
Boku, Inc.
("Boku" or the "Company" and, together with its subsidiaries, the "Group")
Boku Expands European coverage for Frictionless Mobile Identity Verification through Strategic Partnership with Swisscom
Boku (AIM: BOKU), the world's leading independent direct carrier commerce company, is pleased to announce it has entered into a partnership with Swisscom to provide mobile identity verification capabilities in the Swiss market.
As part of the agreement, Swisscom will connect with Boku's global Identity platform through a single connection. The mobile identity verification provided by Boku will enable Swisscom's approximately six million mobile subscribers to enjoy silent, frictionless verification and authentication processes across every mobile interaction with Boku's global merchant portfolio.
The strategic partnership between Swisscom and Boku represents a growing trend of mobile network operators recognising that the mobile phone is poised to become not only the default discovery mechanism for consumers, but also the primary device on which they interact with global businesses.
Stuart Neal, Chief Business Officer, Boku Identity, commented: "This agreement will see us continue to build on our strong relationship with Swisscom. Consumers are constantly looking for easier frictionless ways to securely interact on mobile. For Swisscom, it will deepen their relationship with their customers by enabling them to interact and transact in a natural and convenient way. This is another endorsement of Boku's strategy to touch every mobile interaction."
Amir Peled, Head of OTT of Swisscom commented: "Swisscom is committed to helping our subscribers' access and securely participate in the rapidly growing number of activities and interactions available via their mobile phones. This partnership with Boku is born from a shared perspective that those consumers deserve to enjoy a streamlined, frictionless experience when they sign-up for new services via their phone and we look forward to collaborating with Boku in the future."
Enquiries:
Boku, Inc. Jon Prideaux, Chief Executive Officer Keith Butcher, Chief Financial Officer Stuart Neal, Chief Business Officer, Boku Identity | +44 (0)20 3934 6630 |
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight / Nick Prowting / Christopher Golden | +44 (0)20 7418 8900 |
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe / Graham Herring / Florence Chandler | +44 (0)20 3934 6630 |
About Boku
Incorporated in 2008, Boku is the world's leading independent carrier commerce company. Boku's Platform, which is linked to billing, identity and sales systems of more than 170 mobile network operators, simplifies transacting on mobile devices.
Boku's Payment products enable 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. Its Identity Products are used to verify user details. Companies like Apple, Google, Facebook, Microsoft, PayPal, Spotify, Square, Sony and Western Union use Boku to simplify sign-up, acquire new paying users and prevent fraud.
About Swisscom
Swisscom, Switzerland's leading telecoms company and one of its leading IT companies, is headquartered in Ittigen, close to the capital city Berne. Outside Switzerland, Swisscom has a presence on the Italian market in the guise of Fastweb. To the end of the 3rd Quarter 2019 19,500 employees generated sales of CHF 8,456 million. It is 51% Confederation-owned and is one of Switzerland's most sustainable and innovative companies.