Billing-based mobile payments provider Boku announced on Thursday an agreement with Deutsche Telekom that will expand Boku’s services to more than 140 million mobile phone subscribers in 14 different markets.
Under the agreement, which builds on a previous agreement between the two companies, Boku will power Deutsche Telekom’s payment offerings, allowing customers to pay for goods and services through their existing mobile phone accounts. Merchants that offer carrier billing-based mobile payments may also benefit from the agreement as a result of incremental mobile revenue.
“Strategic partnerships with key carrier groups are what will drive the entire mobile payments industry forward,” James Patmore, the managing director of Europe, the Middle East and Africa, for Boku, said. “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.”
Based in San Francisco, Boku has offices in Europe, Latin America and Asia. Its services reach approximately four billion consumers in 68 different countries. The company’s partners include Facebook, Sony and Electronic Arts, among others.