Payment Observer

The Latest News, Industry Insights and Research Findings on Global Payment Markets

15Mar/12

Future Belongs to Mobile Payments: BOKU Gets $35M Funding from Telefonica and NEA

By Martin Schuppelius

Payment Observer spotlight company. See more details here about one of the up and coming service providers in the financial services for small business.

BOKU Accounts platform.

BOKU recently partnered with MasterCard to expand its payments technology to cover e-commerce and retail point-of-sale. The new BOKU Accounts service allows subscribers to make payments online, in-app, and in-store via NFC.

The investment shows the increased interest in mobile payments: “Payments are going mobile and we want to be at the forefront of this trend. In addition to the investment we are also embarking on a global partnership with BOKU to enhance our operator billing capabilities and the overall payment experience through our future mobile wallet services,” said Matthew Key, Chairman & CEO of Telefonica Digital.

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