Boku adds eWallet Payments in Indonesia for its Global Music Streaming Partner


Boku Inc (LON:BOKU), a leading global mobile payment and mobile identity company, has announced the introduction of eWallet payments in Indonesia for one of its global music streaming partners.

Boku has added DANA, GoPay, and OVO, three of the most popular Indonesian eWallets, as new payment options for the Partner’s premium subscription service. With credit card penetration below 5%, eWallets have become Indonesia’s fastest growing payment method and a critical tool for growing online sales in that country. eWallet use is most prevalent with Indonesia’s youth. Recent reports indicate that 75% of Indonesian ewallet app users are 20-35 years old, with 68% of these using digital wallets at least once a week.

Jon Prideaux, CEO of Boku Inc, commented: “Whether it is direct carrier billing or eWallet payments, this partnership is further illustration of Boku’s commitment to acquire new paying users for our merchant partners wherever the reach of traditional card payments is simply inadequate. This is especially true in markets like Indonesia where local eWallets are on pace to command the majority of all online payment methods in the coming years.”

You might also enjoy reading  Boku, Inc report new multi-year Amazon commercial agreement
Find more news, interviews, share price & company profile here for:
Boku Inc

Good news travels fast (but only if you make that happen). Share on:

Share on twitter
Share on linkedin
Share on facebook
Share on email
Share on reddit
Find more news, interviews, share price & company profile here for:
Boku Inc

AIM All Share Index