Boku introduces eWallet payments in Indonesia

Boku Inc (LON:BOKU), a leading global mobile payment and mobile identity company, has announced the introduction of eWallet payments in Indonesia for one of its global music streaming partners.

Boku has added DANA, GoPay, and OVO, three of the most popular Indonesian eWallets, as new payment options for the Partner’s premium subscription service. With credit card penetration below 5%, eWallets have become Indonesia’s fastest growing payment method and a critical tool for growing online sales in that country. eWallet use is most prevalent with Indonesia’s youth. Recent reports indicate that 75% of Indonesian ewallet app users are 20-35 years old, with 68% of these using digital wallets at least once a week.

Jon Prideaux, CEO of Boku, commented: “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.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Boku Inc.

More articles like this

Boku Inc.

Boku’s 2020 adjusted EBITDA more than doubled compared to 2019

Boku Inc (LON:BOKU), the world’s leading independent carrier commerce company, has announced its audited results for the year ended 31 December 2020. Group Financial Highlights ·   Adjusted EBITDA* increased 107% to $15.3 million (2019: $7.4 million) ·   Group revenues increased

Boku Inc.

Boku launches mobile payments for DAZN with NTT Docomo in Japan

Boku Inc (LON:BOKU), the world’s leading independent carrier commerce company, has announced the launch of mobile payments for DAZN, the leading global sports streaming platform, with NTT Docomo in Japan. For 80 million NTT Docomo subscribers they can

Boku Inc.

Boku to hold analyst briefing & investor presentation

Boku Inc (LON:BOKU), the world’s leading independent carrier commerce company, has announced that its results for the year ended 31 December 2020 will be announced on Tuesday 16 March 2021. A briefing for analysts will take place at 9.30 am

Boku Inc.

Boku’s Fortumo launching a direct carrier billing partnership with Legimi

Boku Inc (LON:BOKU), a leading global provider of mobile payment and identity solutions, has announced that its subsidiary Fortumo, has been working with the leading Polish e-book vendor Legimi and together they are launching a direct carrier billing partnership. Through Fortumo’s PayRead