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Mobile Payments

Globe GCASH, Boku sign international m-payments contract

Wednesday 17 February 2010 | 06:32 AM CET

Philippines-based mobile operator Globe Telecom, through its mobile commerce subsidiary G-Xchange (GXI), has joined forces with Boku, a mobile payment services provider, for the acceptance of the Globe GCASH service internationally.

Under the terms of the deal, Globe’s GCASH subscribers will gain access to Boku`s mobile payment platform and will be able to buy virtual goods from any merchant in the BOKU global merchant network. GCASH will extend its reach to a global community of over 1,000 Boku merchant partners and a mobile payments community which covers over 190 carriers worldwide.

Boku introduced its service in June 2009 and it currently has over 1,000 direct mobile payments partners, with a global coverage in 56 countries across 190 carriers. The company now reaches over 1.8 billion consumers worldwide. In January 2010, the company raised USD 25 million in series C capital led by DAG Ventures with continued participation from Benchmark Capital, Index Ventures and Khosla Ventures.
 

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