Boku boosted by service launch

Shares in AIM-listed mobile payments provider Boku (LON:BOKU) climbed 1.72% to 88.50p (as of 12:15 BST) after the company launched eWallet services in Indonesia for a major music streaming partner. Credit card penetration is low in the country and eWallet services have become the fastest growing payment method.

CEO Jon Prideaux commented: “Whether it is direct carrier billing or eWallet payments, this partnership is further illustration of Boku’s commitment to acquire new paying users for our merchant partners wherever the reach of traditional card payments is simply inadequate. This is especially true in markets like Indonesia where local eWallets are on pace to command the majority of all online payment methods in the coming years“.