Boku - On track for FY19
Boku’s H1 trading update confirmed continued strong growth in the Payments business and progress in growing the Mobile Identity business. Management’s expectations for FY19 are unchanged; we maintain our forecasts, which assume seasonally stronger payment volumes and a step-up in revenues from the identity business in H219.Boku is a holding company. Through its subsidiaries, Co. is engaged in the provision of mobile billing and payment solutions for mobile network operators and merchants. These solutions enable consumers to make online payments using their mobile devices. Co.'s offerings include: Boku Checkout, which is integrated into the billing system of operators allowing merchants to accept payments from mobile phone; Boku Account, which allows a phone number to be stored on file and for merchants to make charges without the consumer having to re-enter payment details on subsequent purchases; and Boku Acquire, which is a tool to support carrier bundling programs.
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