Boku Inc (LON: BOKU), a leading global provider of mobile payment solutions, has announced that its M1ST (Mobile First) platform has launched PayPay mobile wallet payments for Netflix in Japan. With this launch, PayPay’s more than 45 million users can now pay for streaming subscriptions within Netflix.
The addition of PayPay ensures that Netflix users in Japan can choose the payment method they prefer. Today, 75% of Japanese consumers are using mobile wallets and the proportion is projected to reach 98% by 2025 (Juniper Research 2021).
Boku’s M1ST payments network reaches more than 7 billion consumer accounts and includes more than 340 mobile payment methods in 91 countries, enabling global merchants to extend their reach to mobile-first consumers globally.
Jon Prideaux, Chief Executive Officer, Boku, commented: “We are thrilled to see PayPay added as a payment method for one of our global merchants. Consumers globally are preferring to pay with digital currency on their phones instead of plastic cards, and we’re proud to enable more convenient and secure digital payments.”
Toru Nogiwa, Division Head of Partner Sales Division, Sales Group of PayPay, commented: “I’m extremely happy that PayPay is now available on Netflix. Through this partnership with Boku, we hope to further promote cashless payments in Japan and provide convenience to more users.”
Boku Inc. is the fintech powering the world’s largest mobile payments network, M1ST (Mobile First). The M1ST Payments Network reaches over 7 billion consumer payment accounts in 91 countries across more than 340 payment methods.