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Consolidation in mobile carrier billing as Boku acquires Mopay

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Mark

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Mobile payment business Boku has acquired carrier billing specialist mopay. The deal makes Boku the largest standalone provider of carrier billing-based mobile payment services in the world, with a combined customer base that includes Electronic Arts, Facebook, Gameloft, Sony, Spotify and Valve.

Mopay’s brand will eventually be phased out and replaced by Boku branding.

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Jon Prideaux, CEO of Boku, said “By coming together we've created a company that can realize the vision of charging purchases to your phone bill as a truly global payment method at scale. Together, Boku and mopay serve some of the largest digital merchants in the world and we have a tremendous pipeline in the works.”

Boku was recently in the news after arranging a partnership with mobile ticketing business Corethree so that consumers could charge bus tickets to their mobile phone account.

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