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Boku launches mobile payments network M1ST

Wednesday 18 August 2021 10:00 CET | News

UK-based fintech Boku has announced the launch of the mobile payments network M1ST (aka Mobile First). 

The M1ST Payments Network features 330+ mobile payment methods, including mobile wallets, direct carrier billing, and real-time payments schemes, reaching 5.7 billion mobile payment accounts in 90 countries - all through a single integration. 

M1ST removes the complexity of disparate technical, legal and contractual considerations, simplifying 330+ payment methods into a single, scheme-like network. M1ST enabled payments are built to support the 0-tap subscriptions and 1-tap checkout transactions that enable new, online business models.

The netwrok delivers merchants a single, global settlement, eliminating the complexity of local taxes, foreign exchange, and cash repatriation and, through payment licenses and local entities, M1ST is capable of accepting regulated payments in nearly 50 countries.

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Keywords: Boku, product launch, mobile payments, instant settlement, local payment method
Categories: Payments & Commerce | Mobile Payments
Countries: United Kingdom
This article is part of category

Payments & Commerce