Boku, the US based carrier-billing startup, has acquired mopay, a German company that is one of its largest competitors.
The new combined company will the become the world’s largest carrier billing provider, both in terms of carriers and content companies (and therefore customers) that will be plugged into the system; and in terms of the money that is getting processed as a result.
“By coming together we’ve created a company that can realize the vision of charging purchases to your phone bill as a truly global payment method at scale,” said Jon Prideaux, CEO of Boku. “Together, Boku and mopay serve some of the largest digital merchants in the world and we have a tremendous pipeline in the works.”
“This is a merger from strength. Both companies have strong growth plans, but felt that our customers would be best served by coming together to build a market leading mobile payments platform,” said Ingo Lippert, CEO of mopay.
The new organization offers mobile payments in more than 80 countries around the world, with a reach close to 5 billion consumers. Over time, the companies will merge operations and operate under the Boku brand.
The acquisition makes Boku the largest standalone provider of carrier billing-based mobile payment services in the world, adding marquee merchant customers like Valve, gameloft, and Wargaming, and hundreds of other merchants to Boku’s existing global merchant base that includes Facebook, Sony, Spotify, and Electronic Arts.
There’s more signs of consolidation in the crowded European payments space with news that Stockholm-based iZettle is buying a company called intelligentpos.
MasterCard has bought Vocalink for £700m ($920m) in a deal that has been rumoured for months.
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