San Francisco-base Boku has launched direct carrier billing with the top five carriers in Taiwan: Chunghwa Telecom, Far EasTone, Taiwan Mobile, Asia Pacific Telecom, and Taiwan Star.
The partnerships offer cross-platform carrier billing capabilities to over 32 million mobile subscribers in Taiwan who will now have the ability to pay for digital goods and services using only their mobile phone account, with the charges appearing on their mobile phone bill. With these five new partnerships, Boku continues to expand its footprint across Asia, which already covers more than one billion mobile consumers across the region.
Consumers in Taiwan can make purchases from Boku’s global network of merchant partners that includes Facebook, among many others. Taiwan boasts the highest Facebook penetration rate of any market in the world, at over 65% as of 2014, with approximately 15 million active users per month. With a mobile penetration rate that exceeds 100%,
Taiwan is an ideal market for Boku’s carrier billing-based mobile payments, which provide a secure and easy to use alternative payment method for consumers, particularly those with limited access to credit or debit cards.
Boku reaches more than 4 billion consumers in more than 70 countries. Its bank-grade payments technology allows consumers to charge purchases to their mobile phone bill. Boku partners with global merchants including Facebook, Sony, Spotify, Electronic Arts, Wargaming, and many more.
With offices in Europe, Latin America, and Asia, Boku is funded by leading Silicon Valley entrepreneurs and venture capitalists including Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures, and NEA.
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