SAN JOSE and SAN FRANCISCO, CA | Two of the leading mobile payment companies in the world have agreed to provide merchants and consumers with a seamless and secure mobile payment experience on one of the top US carrier networks, Verizon Wireless. San Jose-based BilltoMobile and San Francisco based BOKU will offer BOKU merchants and customers the industry leading features and security through the BilltoMobile Direct Mobile Billing (DMB) payment service which is directly connected into the Verizon Wireless billing system.
BOKU is a leader in mobile payments and will be processing payment transactions for their many high profile merchants – including Facebook - through the BilltoMobile payment service on Verizon. BOKU’s industry leading mobile payments platform is live in 65 countries worldwide, with direct billing connections to carriers around the world including AT&T in the US, Vodafone UK, Globe in the Philippines and many more.
BOKU offers their merchants and more than 2 billion consumers the ability to transact across 230 carriers. BOKU is backed by VCs that include Andreesen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures and Khosla Ventures.
BilltoMobile, and its strategic investor, Danal, Co., Ltd (Seoul, Korea) are also one of the global leaders in processing eCommerce mobile payments and have processed over $4 Billion in mobile billing transactions. Their service is leading the way globally for financial grade mobile payment standards that are revolutionizing the mobile billing space.
Jim Greenwell, BilltoMobile CEO and Mark Britto, BOKU CEO, issued a joint statement: “BilltoMobile and BOKU’s cooperative agreement is a landmark in US mobile payments cooperation. The real winners today are the many wireless subscribers who are excited about access to convenient, secure online mobile payments and the merchants who provide these consumers with a wide array of digital goods, content and services.”
Boku and BilltoMobile merchants benefit from attractive merchant fees that are significantly lower than traditional PSMS rates.