SAN FRANCISCO--(BUSINESS WIRE)--Boku, Inc., the global leader in mobile payments, today announced the acquisition of Germany-based mopay, one of the largest carrier billing companies in the world and one of Boku’s leading competitors. The acquisition makes Boku the largest standalone provider of carrier billing-based mobile payment services in the world, adding marquee merchant customers like Valve, gameloft, and Wargaming, and hundreds of other merchants to Boku’s existing global merchant base that includes Facebook, Sony, Spotify, and Electronic Arts.
The merger represents a combination of two largely complementary organizations, with similar value propositions to carriers and to merchants across the virtual, digital and physical goods categories. The combined assets of the two companies will offer greater scale and operational efficiency and a more standardized carrier billing solution to the benefit of merchants, carriers and consumers alike.
“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,” said Jon Prideaux, CEO of Boku. “Together, Boku and mopay serve some of the largest digital merchants in the world and we have a tremendous pipeline in the works.”
“This is a merger from strength. Both companies have strong growth plans, but felt that our customers would be best served by coming together to build a market leading mobile payments platform,” said Ingo Lippert, CEO of mopay.
The new organization offers mobile payments in more than 80 countries around the world, with a reach close to 5 billion consumers. Over time, the companies will merge operations and operate under the Boku brand.
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 operators alike. Based in San Francisco with offices in Europe, Latin America, and Asia, Boku reaches more than 4 billion consumers worldwide, across 67 different countries with more than 250 operators. 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
mopay is a global leader in innovative payment solutions for online merchants. mopay’s core platform enables merchants of virtual, digital and physical goods to bill charges directly to consumers’ cell phone and land line accounts. mopay operates in more than 80 countries across the globe, reaching more than 4.3 billion consumers. The company has a blue-chip customer base including major brands such as Gameforge, Bigpoint, valve and Wargaming. mopay has more than 100 employees at locations in the United States, Germany, Austria, Spain, the United Kingdom, Korea, Vietnam, Indonesia, China, Romania and Brazil. For more information, visit www.mopay.com.
Boku website: http://www.boku.com
Media Kit: http://www.boku.com/press