Online mobile billing aggregator Qubecell has been acquired by Boku. This is Boku’s first acquisition and it will allow the company to get all major carriers in India and enhance its presence in Asia.
The specifics of the deal have not been disclosed. Boku stated that Qubecell already has deals with four of the largest mobile networks in the country, which enables it to reach around 75% of the country’s mobile phone users.
This user-base will in turn become Boku’s potential market. Qubecell’s reach in Indian market was the biggest trigger for the acquisition.
Qubecell offers mobile payment services through carrier billing. It also caters to mobile app developers and mobile publishers, providing a bouquet of services such as event billing and daily, weekly or monthly subscriptions at various price points. Also, there is an analytics platform that offers real-time customer information to merchants, based on a variety of different things such as device, browser, network, location, historical behaviour and more.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.