Fortumo e-book direct carrier billing in Poland

REACH

18 February 2021

Boku Inc.

("Boku" or the "Company")

Legimi launches direct carrier billing in Poland through Fortumo
 

Boku Inc (AIM: BOKU), a leading global provider of mobile payment and identity solutions, is pleased to announce that its subsidiary Fortumo, has been working with the leading Polish e-book vendor Legimi and together they are launching a direct carrier billing partnership.

Through Fortumo's PayRead solution, users can now subscribe to Legimi and access thousands of e-books and audiobooks by charging the payments to their phone bill. The option to pay with carrier billing is available to more than 18 million subscribers of the mobile operators Orange and Plus.

Legimi collects carrier billing payments from users in Poland through Fortumo's Unified SDK product. Through Unified SDK, one integration connects Legimi to telcos in Poland and gives access to a network of more than 300 other mobile operators and digital wallets. Fortumo hosts and localises Unified SDK checkout flows on its platform, making it simple and scalable for merchants to launch local payment methods across the world. Legimi additionally uses Fortumo's Subscription Engine for full user lifecycle management of users acquired through carrier billing.

In Poland, credit card ownership is only 16% while 64% of people have a smartphone*. This creates a challenge for digital content merchants in the country: while most people are able to access digital content, the majority of people are unable to pay for premium services. Carrier billing solves this problem by letting any user charge purchases to their mobile phone bill. Additional data on the digital ecosystem of Poland and other countries in the Central & Eastern European (CEE) region can be found from Fortumo's CEE market report accessible at: https://fortumo.com/blog/carrier-billing-market-report-central-eastern-europe/.

Mikołaj Małaczyński, CEO at Legimi, commented, "Instant access, convenient payment. This is a must for a fast growing and ambitious digital entertainment company. That is why we decided to work with Fortumo. The simplicity of implementation was also important, as it did not require significant involvement of the resources of our IT team."

Andrea Boetti, Director of Strategic Partnerships at Fortumo, commented, "Carrier billing is the leading alternative payment method used by global app stores, game developers and streaming services. Fortumo's PayRead gives digital publishers the simplest way to adopt the payment method when transitioning from an ad-based model to a reader revenue model. We are excited to be working with Legimi and helping support their user acquisition and revenue growth goals." 

*https://databank.worldbank.org/reports.aspx?source=1228#.

Enquiries:

Boku, Inc.                                                                                                                    +44 (0)20 3934 6630

Jon Prideaux, Chief Executive Officer                                                             

Keith Butcher, Chief Financial Officer

IFC Advisory Limited (Financial PR & IR)                                                              +44 (0)20 3934 6630

Tim Metcalfe / Graham Herring / Florence Chandler 

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 nearly 1 billion transactions worth more than $7 billion annually in more than 80 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, Estonia, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

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

About Fortumo

Fortumo is a global monetization and growth platform for digital content merchants. The company connects merchants to a network of more than 300 fragmented telcos and digital wallets in Asia, Europe, Latin America, the Middle East and Africa.

Merchants use the platform to acquire new users via telco bundle partnerships and collect payments using carrier billing & digital wallets. Through a single point of integration, merchants gain access to a new worldwide audience across more than 80 countries.

Fortumo serves customers including Google, Amazon, Spotify, Epic Games, Tencent, Schibsted, OLX and EasyPark. Founded in 2007, Fortumo is part of Boku.

For more information, please visit https://fortumo.com.