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Tuesday, October 7, 2014

Consolidation in mobile carrier billing as Boku acquires Mopay

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.

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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Author: The Fonecast
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