Boku Signs Global Mobile Payments Partnership with Deutsche Telekom Group

  Boku Signs Global Mobile Payments Partnership with Deutsche Telekom Group

 Leading European MNO connects Boku into central billing platform, providing
   direct carrier billing to 14 strategic Deutsche Telekom European Markets

Business Wire

SAN FRANCISCO -- May 8, 2014

Boku, Inc., the global leader in carrier billing-based mobile payments, today
announced an agreement with Deutsche Telekom Group, one of the leading mobile
network operators in Europe. The partnership expands on a previous agreement
between the two in Germany, Deutsche Telekom’s primary market, to cover the
MNO’s entire user base in Europe of over 140 million subscribers across 14
different markets. The agreement establishes Boku as a strategic partner
powering Deutsche Telekom’s payments offerings, provides the company with an
advanced mobile payments API, and gives customers the ability to pay for
digital goods and services simply using their existing mobile phone account.

Merchants offering carrier billing-based mobile payments will generate
incremental revenue from consumers who find mobile the easiest way to pay, and
attract new consumers who previously were unable or unlikely to pay via other
payment options, such as credit and debit cards. When making purchases from
their favorite merchants, consumers will benefit from a convenient and secure
payment experience that is accessible to Deutsche Telekom subscribers.

“Strategic partnerships with key carrier groups are what will drive the entire
mobile payments industry forward,” said James Patmore, Managing Director of
EMEA for Boku. “As Boku continues to bring on large merchants with more
sophisticated requirements, it requires a deeper level of coordination with
the large carrier groups to offer a solution that can deliver across multiple
markets and via multiple carriers. This deal is a key milestone in the
continuing journey of making mobile payments an established payment system
that is accessible to billions of consumers around the world.”

About Boku:

Boku, the leading direct carrier billing mobile payments company, brings
bank-grade payments technology and mobile users together, creating a trusted,
accessible platform for consumers, merchants, and carriers alike. Based in San
Francisco with offices in Europe, Latin America, and Asia, Boku reaches nearly
4 billion consumers worldwide, across 68 different countries. Boku partners
with global merchants including Facebook, Sony, and Electronic Arts. Leading
Silicon Valley entrepreneurs and venture capitalists fund Boku including
Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla
Ventures, and NEA.

For more information visit: www.boku.com

About Deutsche Telekom:
http://www.telekom.com/

Deutsche Telekom is one of the world’s leading integrated telecommunications
companies with over 142 million mobile customers, 31 million fixed-network
lines and more than 17 million broadband lines (as of December 31, 2013). The
Group provides fixed network, mobile communications, Internet and IPTV
products and services for consumers and ICT solutions for business customers
and corporate customers. Deutsche Telekom is present in around 50 countries
and has approximately 229,000 employees worldwide. The Group generated
revenues of EUR 60,1 billion in the 2013 financial year – more than half of it
outside Germany.

Useful Links:

Boku website: http://www.boku.com

Media Kit: http://www.boku.com/press/

Deutsche Telekom website: http://www.telekom.com

Contact:

For Boku, Inc. in the United States
David Speiser, 650-516-6635
david@drsmedia.com
For Boku, Inc. in Europe
Ben Camm-Jones, +44 (0)7515 877 621
ben@clarity.pr
 
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