O2, Vodafone, EE partner Boku on mobile payment e-money initiative

Thursday 2 October 2014 11:30 CET | News

US direct carrier billing mobile payments company Boku, has unveiled a new initiative, working with its wholly owned subsidiary Boku Account Services UK and a number of Mobile Network Operators (MNOs), to reinvent its European direct carrier billing business.

Prior to this initiative, carrier billing in Europe has operated under an exemption to the European Union’s Payment Services Directive (PSD), which was originally designed to enable the purchase of mobile wallpapers and ringtones and limited carrier billing purchases to digital content. Boku tries through this initiative to combine e-money with the option of charging purchases to one’s phone bill.

Boku is partnering with O2, EE, and Vodafone in the UK, with plans to extend the solution to other MNOs. Partners selling magazines and bus tickets have already signed up to use the Boku e-money solution and the programme will soon be extended to a range of real world goods and services.

Boku specializes in direct carrier billing-based mobile payments, a form of mobile payment where charges placed online are billed to the users’ wireless phone bill. The technology works for both for pre and post-paid billing plans.

In recent news, Corethree, a UK mobile ticketing technology company, has entered a partnership with Boku.

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Keywords: Boku, O2, Vodafone, EE, mobile payment, e-money, Boku Account Services UK, mobile network operators, MNOs, direct, carrier, billing, phone bill
Categories: Payments & Commerce
Countries: World
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