Boku, Inc approval from Bank Negara Malaysia to operate as a Non-Bank Merchant Acquirer

Boku, Inc. (LON:BOKU), a leading global provider of mobile payment solutions, has announced that its Malaysian entity, Boku Network Services MY Sdn. Bhd., has received authorisation from Bank Negara Malaysia to operate as a Non-Bank Merchant Acquirer.  Boku MY’s approval follows continued investment by the Group in the Malaysian market over many years.

Malaysia is at the forefront of ‘new generation’ payment methods, with a high degree of mobile wallet penetration and use.  DuitNow, the local MY payment scheme, as well as the Malaysian account-to-account payment scheme, Financial Process Exchange (FPX), lead Southeast Asia schemes with the availability of gold-standard features, such as variable recurring payments (VRP) with DuitNow AutoDebit.

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