Fortumo mobile payments for parking in Switzerland

REACH

27 May 2021

Boku Inc.

("Boku" or the "Company")

EasyPark & Fortumo bring mobile payments for parking to Switzerland

Boku Inc (AIM: BOKU), a leading global provider of mobile payment and identity solutions, is pleased to announce that its subsidiary Fortumo is today launching carrier billing payments with EasyPark, the parking technology company, for parking in Switzerland.

Over 8 million people can now easily pay for their parking via the EasyPark parking-app, all over Switzerland, by charging the fee to their phone bill. The payment method is supported for all subscribers of local mobile operators Swisscom, Sunrise and Salt.

To pay with carrier billing, drivers can easily send a text message that includes the parking area code when they have parked their car. This starts the parking while the reply message includes a deeplink to the EasyPark app where users will be able to see their parking status and extend or stop their parking.

Normally, integrating carrier billing is a complex process for merchants, every mobile operator requires a separate contract and technical integration to provide payments to its subscribers. By partnering with Fortumo, EasyPark can roll out carrier billing payments across several markets through a single contract and integration with Fortumo. EasyPark and Fortumo have been working together on providing drivers convenient payments for parking fees since 2018 in Finland, Norway, Sweden and since 2019 in Slovenia.

Ludvig Ellius, Chief Payment Officer of EasyPark Group commented, "EasyPark helps millions of drivers around the world to save time and money by making parking management easier. Carrier billing supports this by giving our customers a simple way to make payments. We are happy to share the news that we now also offer Fortumo's platform as a payment method in Switzerland, when paying for your parking with the EasyPark app."

Martin Lips, Vice President of Business Development at Fortumo, commented, "Carrier billing provides users with the most convenient user experience for digital payments. When standing in a parking lot and being in a rush, people just want to pay quickly for their parking and move on. They don't have time to stand in a line for the parking machine or find coins. Therefore, we are super excited for the launch of parking payments with EasyPark parking app in Switzerland, so we can help people to make their parking easier and more convenient."

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 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, Estonia, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

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

About EasyPark Group

EasyPark is a leading, fast-growing parking tech company that helps drivers find and manage parking and charge their electric vehicles. Our unique and cutting-edge technology also helps businesses, cities, parking operators, and property owners with administration, planning, and data-driven management in over 2,200 cities across 20 countries. We make urban life easier, one parking spot at a time. Visit www.easyparkgroup.com to find out more.