London, 17 October 2024 // – Boku Inc (LON: BOKU), the global network for localized payment solutions, has been recognized as the 2024 Enabling Technology Leader in the Global Payment Facilitator sector by the global research and consulting firm Frost & Sullivan.
The award recognized Boku as an organization achieving transformative breakthroughs in its sector and described its global network as “a powerful solution for businesses looking to expand both regionally and internationally.”
Frost & Sullivan applied a rigorous process to evaluate multiple nominees across the payments space and identified Boku as the front-runner due to its customizable solutions that cater to a wide range of global merchant needs.
The report stated, “By partnering with Boku, merchants can eliminate the need to establish local entities, acquire licenses, or manage local currencies, allowing them to focus on growth.”
Dewi Rengganis, senior industry analyst at Frost & Sullivan, commented, "Boku has been a trailblazer in cutting-edge payments technology since its inception in 2008. Specializing in payment aggregators and facilitators for local payment methods (LPMs), such as digital wallet, account-to-account (A2A) payment rail, and direct carrier billing (DCB), the company consistently optimizes payment process systems to deliver enhanced customer value. Boku’s payment network stands out for its remarkable scalability with coverage of more than 300 LPMs, addressing diverse cross-border payment flows and methods through seamless integration.”
Boku CEO Stuart Neal said, “We’re delighted to have been recognized as the 2024 Enabling Technology Leader by Frost & Sullivan. It’s a testament to our team’s innovation and commitment to supporting global commerce. This recognition highlights our role in empowering businesses to scale globally while maintaining and enhancing profitability and sustainability. Our ability to simplify cross-border transactions for leading merchants, including Microsoft, Meta and Google, showcases the strength of our network and our dedication to addressing the challenges of global localization. With over 300 popular payment methods across multiple regions, our network provides businesses with seamless access to a vast consumer base, simplifying cross-border transactions and driving growth. We’re honored to be recognized as a trusted partner in global commerce.”
Boku, Inc. provides localized payment solutions to many of the world’s biggest merchants, including Amazon, Meta, Microsoft, Spotify and Netflix. Boku is quickly growing in the $11 trillion cross-border ecommerce market, where it is predicted that close to 60% of transactions will be made using LPMs by 2028 according to a recent report published by Juniper Research: https://www.boku.com/boku-knows/2024-boku-global-ecommerce-report.
Boku has won several prestigious awards in 2024 alone: The Card & Payments Awards’ Best Payment Facility Award, the Platinum winner of Juniper Research’s Payment Innovation of the Year award, and recognition in FXC Intelligence’s 2024's Global Most Promising Cross-Border Payment Companies. Additionally, Boku was named PayTech Company of the Year at the Fintech Awards London.
For more information on Boku’s leadership in the payment technology space, please read the full award report here: https://www.frost.com/wp-content/uploads/2024/09/Boku-Award-Writeup.pdf
About Boku Inc.:
Boku helps people pay the way they want to by building a global network of localized payment solutions, including digital wallets, direct carrier billing, and account to account/real-time payment schemes. Boku’s global payments network now includes over 300 local payment methods worldwide, reaching over 7.5 billion consumer payment accounts in more than 90 countries. Boku works with the world’s largest merchants, including Amazon, Google, Spotify, Meta, Microsoft, Netflix, Spotify, Tencent and Sky, helping them to grow their businesses in every corner of the globe.
Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in the US, India, Brazil, China, Estonia, France, Germany, Indonesia, Japan, Singapore, Spain, Taiwan , and Vietnam.
To learn more about Boku, please visit our website at www.boku.com.
ABOUT Frost & Sullivan:
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.
Media Contact:
Cat Lenheim
ThoughtLDR
+44 7511 117587