Under the agreement, Deutsche Telekom customers can access the portfolio of BOKU merchant partners to purchase digital goods and services, including virtual goods found in online games, digital goods and Facebook credits. Customers enter their phone numbers to checkout and respond via SMS to confirm the payment. The charge then appears on their wireless bills.
BOKU currently works in 66 countries and with 40 currencies and has deals with more than 250 carriers covering around 3.2 billion consumers.
In recent news, Boku has raised USD 35 million in a funding round led by investors NEA, Andreessen Horowitz, Dag Ventures, Index Ventures and Khosla Ventures and which also includes Spanish telecommunication services provider Telefonica.
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