TIDMBOKU

Boku Inc

10 December 2020

REACH

10 December 2020

Boku, Inc.

("Boku" or the "Company" and, together with its subsidiaries, the "Group")

Cloud gaming service Antstream & Fortumo launch global carrier billing partnership

Boku, a leading global mobile payment and mobile identity company, is pleased to announce the launch of a global direct carrier billing partnership between the retro-gaming streaming service Antstream and Boku's subsidiary Fortumo. Gamers can now subscribe to Antstream and access more than 1000 games by charging the purchases to their mobile phone bill or prepaid SIM card. The first market launched for Antstream users is Poland, where 11 million subscribers of the telco Play can now pay for the service through their mobile operator bill.

Through a single connection to Fortumo's platform, Antstream receives global access to the direct carrier billing capabilities of mobile operators connected to Fortumo. This enables Antstream to roll out the payment method at scale, instead of integrating and launching mobile operators one by one.

Carrier billing provides two advantages to digital content merchants over bank-based payments: payment reach and better conversion. In regions with low credit card ownership, such as Asia, MENA and Eastern Europe, carrier billing is used by merchants to reach new paying users who don't own a credit card for online payments. In regions where credit card ownership is high, such as Western Europe, carrier billing provides a simpler checkout flow. Instead of filling out forms or logging into accounts, users are able to complete payments by simply confirming them with a PIN code. This results in a shorter checkout flow for carrier billing compared to other online payment methods, increasing payment conversion and revenue for digital content merchants.

Seperately, Fortumo has also recently launching direct carrier billing with the mobile operator 3Denmark and with the game developer Epic Games across multiple countries in Europe.

Greg Beitchman, Chief Revenue Officer at Antstream Arcade, said: "We are delighted to be partnering with Fortumo to enable consumers to access thousands of retro games through their subscriptions with telco operators. Whether on set top box, mobile device or broadband, Antstream offers casual gamers the ability to play games with friends, access tournaments, and enjoy iconic titles from Space Invaders to Mortal Kombat for a monthly subscription. Fortumo will also enable Antstream to be easily bundled with data packages and alongside devices, giving telcos new options to offer gaming as a value-added service to consumers to through their monthly phone bill."

Andrea Boetti, Director of Strategic Partnerships at Fortumo, commented: "Cloud and streaming based gaming services are driving the next wave of growth in the video games industry, by enabling games to be played on any devices regardless of their specifications. The adoption of 5G by mobile operators in turn supports the adoption of cloud gaming. There is a natural fit between cloud gaming and carrier billing through mobile operators, as users can access the games and pay for them through the same network provider. Antstream is a leading company in the game streaming segment and we are excited to support their growth globally."

Enquiries:

 
  Boku, Inc. 
   Jon Prideaux, Chief Executive Officer                +44 (0)20 3934 
   Keith Butcher, Chief Financial Officer                6630 
 IFC Advisory Limited (Financial PR & IR)              +44 (0)20 3934 
  Tim Metcalfe / Graham Herring / Florence Chandler     6630 
 

Notes to Editors

About Antstream Arcade

Antstream Arcade was founded in 2013 and is headquartered in London, England. Over the last few years it has become the world's first and largest retro game subscription service and has amassed the largest collection of retro games titles available in one place.

Antstream is all about the challenge - a streaming retro service that makes classic games available on-demand on all your devices. A monthly subscription gets players access to over 1,000 video games spanning arcade hits, classic console platforms from Atari and Sega, and beloved home computers including the C64, Amiga and ZX Spectrum.

The Antstream Arcade streaming service allows users to play retro video games, directly from the cloud with no downloads or installs, on modern devices through an affordable monthly subscription.

To find out more visit www.Antstream.com.

About Boku

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment and identity solutions. Boku technology is integrated into over 220 mobile wallets and network operators worldwide powering mobile user authentication and mobile payments. Boku processes over 800 million transactions worth more than $7 billion annually in nearly 70 countries. Global leaders that rely on Boku to acquire, monetise, and protect digital consumer transactions include Apple, Discover, Experian, Facebook, FIS, Fiserv, Google, Microsoft, Netflix, Paypal, Sony, Spotify and Western Union.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in various locations globally including in the US, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

To learn more about Boku Inc., please visit: https://www.boku.com.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAVKLFBBLLLFBX

(END) Dow Jones Newswires

December 10, 2020 02:00 ET (07:00 GMT)