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June 19, 2012updated 04 Apr 2017 4:14pm

GlobalCollect partners with BOKU to offer m-payment solution

Online payment service provider GlobalCollect has integrated technology from mobile payments firm BOKU to its international payment network, and will make mobile phone checkout available to its web merchants. The new partnership will allow mobile payments as a mainstream payment vehicle and will give GlobalCollect merchants access to 4 bn potential new customers from BOKUs mobile payment network of over 260 telcos in 67 countries It BOKU was clearly the best option for our merchants, who now through the partnership can substantially increase checkout conversion, reduce cost and accelerate time to market of mobile payments, said John Snoek, GlobalCollect VP marketing, about the selection of BOKU as the companys global partner for mobile payments.

By Raphael Michilis

Online payment service provider GlobalCollect has integrated technology from mobile payments firm BOKU to its international payment network, and will make mobile phone check-out available to its web merchants.

The new partnership will allow mobile payments as a mainstream payment vehicle and will give GlobalCollect merchants access to four billion potential new customers from BOKU’s mobile payment network of over 260 telcos in 67 countries. 

“It [BOKU] was clearly the best option for our merchants, who now through the partnership can substantially increase checkout conversion, reduce cost and accelerate time to market of mobile payments, “ said John Snoek, GlobalCollectvice-president marketing.

BOKU’s m-payments service will permit GlobalCollect’s customers to shop online using their mobile number via SMS, and have purchases charged on their phone bill.

GlobalCollect renders BOKU’s platform to help merchants complete back-end work, such as foreign exchange, granular price points, multiple currencies and languages.

“Our merchant partners typically see significant, immediate increases in their market reach and checkout conversion, and we expect the same for GlobalCollect merchants,” said James Patmore, BOKU senior vice-president.

 

The partnership leverages BOKU’s pricing and transaction solutions built by experienced players including Amazon, Google, PayPal, Yahoo, Visa, BarclayCard, Bank of America, and AT&T.

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