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May 8, 2014updated 04 Apr 2017 4:07pm

Deutsche Telekom enters mobile payments partnership with Boku

Deutsche Telekom, a European mobile network operator, has entered an agreement with Boku, a San Francisco-based carrier of billing-based mobile payments.

By Sebastian Whale

Deutsche Telekom, a European mobile network operator, has entered an agreement with Boku, a San Francisco-based carrier of billing-based mobile payments.

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The agreement establishes Boku as a partner for Deutsche Telekom’s payments offerings and provides customers the ability to pay for digital goods and services using their existing mobile phone account.

Merchants who offer carrier billing-based mobile payments, according to Boku, will generate incremental revenue from consumers who find mobile the most convenient way to pay.

Boku suggests merchants will also be able to attract new customers who previously were unable to pay via other payment options, such as credit and debit cards.

James Patmore, managing director of EMEA for Boku, said: "Strategic partnerships with key carrier groups are what will drive the entire mobile payments industry forward.

"This deal is a key milestone in the continuing journey of making mobile payments an established payment system that is accessible to billions of consumers around the world," he added.

The partnership expands on a previous agreement between the two in Germany to cover Deutsche Telekom’s user base in Europe of over 140m subscribers across 14 different markets.

In December 2013, Boku partnered with Asian telecommunications company SingTel, to launch direct carrier billing in Singapore.

Related to:

Deutsche Telekom unveils NFC mobile wallet in GermanySingTel partners with Boku for direct carrier billing in Singapore

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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