San Francisco-based Boku has acquired Germany-based mopay for an undisclosed amount. Nevertheless, the deal makes Boku the largest standalone provider of carrier billing-based mobile payment services in the world.
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.
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 currently 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.
The mopay acquisition will add Valve, gameloft, and Wargaming, and hundreds of other merchants to Boku’s existing global merchant base.
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