Boku - Trading unaffected by the coronavirus
Boku has reported that volumes processed in the first two months of FY20 were 30% higher year-on-year, slightly ahead of management expectations. Volumes have not seen any negative impact from the emergence of coronavirus, and in fact could be boosted by the number of people being required to self-isolate and generally reduced social activity. Management remains confident of meeting market expectations for FY20 and will report FY19 results at the end of March.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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