Extension of M1ST Payments Network in Thailand

RNS Number : 0292I

Boku Inc

12 April 2022

 

REACH

12 A pril 2022

Boku Inc .

(" Boku " or the " Company ")

Boku extends its M1ST Payments Network with Real - Time Payments in Thailand

With the addition of PromptPay QR and K PLUS, Boku now reaches
over 100 million   consumer accounts in Thailand alone

Boku Inc ( AIM : BOKU ) , a leading global provider of mobile payment solutions, is pleased to announce that its M1ST (M obile First ) Payment Network   has added real - time payment options   for PromptPay and K PLUS in Thailand .

PromptPay and K PLUS join Boku ' s M1ST Payments Network, which includes over 340 payment methods in 91 countries, reaching more than seven billion payment accounts . Combined, the M1ST Payments Network reaches   over 100   million consumer accounts in Thailand alone .

Real - time payments, especially those that are executed from a mobile phone, have experienced significant growth in Thailand and are forecast to reach 47 . 3 billion transactions valued at US$2 . 7 trillion per year by 2025 .

Real - time payments networks enable Thai bank account holders to make payments from their bank accounts for peer - to - peer (P2P ) ,   business - to - consumer ( B2C ) , and business - to - business ( B2B )   transactions . PromptPay, which boasts of more than 55 million users, supported more than 1 . 1   billion monthly transactions as of November 2021 . K PLUS,   Thailand ' s most popular mobile banking application, launched by KASIKORNBANK ("KBank") , has more than 17 million users, providing a superior user experience for real - time payments .

Boku ' s launch merchant for PromptPay and K PLUS is a major social media company   who has selected Boku to provide   real time   payment acceptance for their digital advertising services .

Jon Prideaux, Chief Executive Officer, Boku, commented: "PromptPay and K PLUS are great additions to the M1ST Payments Network . We have always known   customers would not only want mobile payments linked to their SIM card or wallet app, but also their banking app too . Allowing   business customers   to pay   for their digital advertising directly from their banking app   is already demonstrating the B2B use cases that exist for real - time mobile payments."

Supaneewan Chutrakul, Executive Vice President of KASIKORNBANK, said : " We have joined forces with Boku through our online payment solution company KASIKRON GLOBAL PAYMENT and w e are pleased to add PromptPay and K PLUS to Boku ' s M1ST Payments Network .  This will enable our PromptPay QR and K PLUS payments to work for global merchants and allow our 17 million users to use a payment method they have easy access to on their device."

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

About Boku

Boku Inc . ( AIM : BOKU ) is a leading global provider of mobile payment solutions . Its Mobile First Payments Network ' M1ST ' features 340 + mobile payment methods, including mobile wallets, direct carrier billing, and real - time payments schemes, reaching over 7 billion mobile payment accounts in 91 countries - all 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, Facebook, Google, Microsoft, Netflix, PayPal, 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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