Boku expands identity services reach to 51 countries
Boku, Inc (DI) Reg S Cat 3/144A
Mobile carrier commerce provider Boku updated the market in its global coverage for mobile identity services on Tuesday, reporting that it was now operating mobile identity verification capabilities in more than 50 countries.
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The AIM-traded firm said that, through direct connections to mobile network operators including all operators in the UK, supplemented by indirect connections via “authoritative and trusted” third parties, it was now able to offer identity services through more than 200 carriers in 51 countries, including 34 countries in Europe, the Middle East and Africa, nine in the Americas and eight in the Asia-Pacific region.
Its board said the numbers were demonstrative of the progress it had made to position the company as “the provider with the widest reach of phone verification services” globally.
When its Identity business was formed through the acquisition of Danal on 1 January 2019, services were provided in three countries - the United States, Canada and the UK.
The mobile verification capabilities it provided helped large companies to verify “good” customers through their mobile device, Boku explained, thus reducing the negative impacts caused by fraud through social engineering.
“As we have previously stated, Boku has ambitions to build a truly global Identity business,” said Boku Identity chief business officer Stuart Neal.
“With this goal in mind, the company has been working hard behind the scenes to add significant further international coverage to our Identity network, adding more connectivity in more countries for more products.”
Neal noted that Boku could now provide the solutions its customers required to problems created by mobile identity fraud and social engineering in 51 countries.
“We intend to continue building this global network and adding new customers for our services.”
At 1619 BST, shares in Boku were up 1.18% at 85.5p.