Boku Inc Malaysian Approval as a Non-Bank Merchant Acquirer
25 Setembro 2023 - 3:00AM
RNS Non-Regulatory
TIDMBOKU
Boku Inc
25 September 2023
REACH
25 September 2023
Boku, Inc .
(" Boku " or the " Company " or the "Group")
Approval from Bank Negara Malaysia to operate as a Non-Bank
Merchant Acquirer
Boku, Inc. ( AIM : BOKU ) , a leading global provider of mobile
payment solutions, is pleased to announce that its Malaysian
entity, Boku Network Services MY Sdn. Bhd. ("Boku MY"), has
received authorisation from Bank Negara Malaysia ("BNM") to operate
as a Non-Bank Merchant Acquirer. Boku MY's approval follows
continued investment by the Group in the Malaysian market over many
years.
Malaysia is at the forefront of 'new generation' payment
methods, with a high degree of mobile wallet penetration and use.
DuitNow, the local MY payment scheme, as well as the Malaysian
account-to-account payment scheme, Financial Process Exchange
(FPX), lead Southeast Asia schemes with the availability of
gold-standard features, such as variable recurring payments (VRP)
with DuitNow AutoDebit.
Boku MY's authorisation from BNM will permit Malaysian merchants
to access the wider Boku payments network covering 200+ payment
methods around the world, supporting access to innovative financial
services and enhancing business expansion routes for Malaysian
companies. The authorisation will also further promote consumer
payment choice in Malaysia with respect to purchases from both
domestic and international merchants that partner with Boku.
Jon Prideaux, Boku's CEO, commented, " With its vibrant fintech
ecosystem, supportive regulatory environment, and high mobile and
internet penetration, Malaysia is important in Boku's global plans
to transform the payment ecosystem towards the new generation of
payments."
Mark Stannard, Boku's CBO, commented, " The receipt by Boku MY
of its authorisation from Bank Negara Malaysia to operate as a
Non-Bank Merchant Acquirer is a meaningful addition to Boku's
extensive network of payment licences. Our expansion in Malaysia is
a further example of delivering the quality connections we are
known for."
Enquiries :
Boku, Inc .
Jon Prideaux, Chief Executive Officer
Keith Butcher, Chief Financial Officer + 44 ( 0 ) 20 3934 6630
IFC Advisory Limited ( Financial PR & IR )
Tim Metcalfe
Florence Chandler + 44 ( 0 ) 20 3934 6630
Notes to Editors
Boku Inc. (AIM: BOKU) is a leading global provider of mobile
payment solutions. Boku's mobile-first payments network, including
mobile wallets, direct carrier billing, and account to
account/real-time payments schemes, reaching over 7.5 billion
mobile payment accounts through a single integration.
Customers that trust Boku to simplify sign-up, acquire new
paying users and prevent fraud include global leaders such as
Amazon, Apple, Meta Platforms, Google, Microsoft, Netflix, Sony,
Spotify and Tencent.
Boku Inc. was incorporated in 2008 and is headquartered in
London, UK, with offices in the US, India, Brazil, China, Estonia,
France, Germany, Indonesia, Japan, Singapore, Spain, Taiwan and
Vietnam.
To learn more about Boku Inc., please visit:
https://www.boku.com
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END
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