Boku on Tuesday announced the acquisition of its rival mopay.
Germany-based mopay is one of the largest carrier billing companies in the world.
The acquisition makes Boku the largest standalone provider of carrier billing-based mobile payment services in the world.
The companies will merge operations and operate under the Boku brand.
Financial terms were not revealed.
Leading Silicon Valley entrepreneurs and venture capitalists fund Boku including Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures, and NEA.
Their merchant customers include Valve, gameloft, and Wargaming, Facebook, Sony, Spotify, and Electronic Arts.
The combined assets of the two companies will offer better scale and operational efficiency and standardized carrier billing solution to the benefit of merchants, carriers and consumers.
“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.
The new organization offers mobile payments in more than 80 countries, with a reach close to 5 billion consumers.
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.
mopay operates in more than 80 countries, reaching more than 4.3 billion consumers. 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.
Baburajan K
editor@telecomlead.com
