This approval indicates that the company`s mobile payments platform meets the security and regulatory requirements of the Financial Services Authority in the UK. According to the company`s press release, Boku expects that its e-money licence will allow even more merchants to participate in mobile commerce resulting in an expansion of the overall online mobile payments market.
Boku currently works in 66 countries and with 40 currencies and has deals with more than 250 carriers covering around 3.2 billion consumers.
A Boku spokesperson commented; “We are excited to combine the e-money license with the great breadth and depth of our merchant and carrier partnerships.”
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