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Boku

Can a direct carrier billing and local payment network become the universal infrastructure layer for global digital merchants seeking alternative payment method coverage in 90+ markets?

Founded2008
HQSan Francisco, CA, USA
IndustryInfrastructure / Payments
The story

Founded in 2008 as a direct carrier billing (DCB) network, Boku built deep integrations with 300+ mobile network operators to let consumers charge purchases to their phone bill. Over time it expanded beyond DCB into a broader local payment network spanning mobile wallets (AliPay, Airtel Money, etc.) and other alternative payment methods across 90+ countries, positioning itself as the infrastructure layer for global digital merchants seeking local payment coverage. It additionally developed a Mobile Identity product line (Verify, Authenticate) that repurposes telecom-network signals for fraud prevention and account takeover protection, diversifying revenue beyond pure payment processing.

Last 12 months
2023-01
2026-05
Product timeline
2008
Boku founded as a mobile billing / direct carrier billing (DCB) network connecting merchants to mobile network operators.· pivot
2019
Listed on AIM (London Stock Exchange) following reverse merger.· ipo
2021
Launched Boku Mobile Identity (Verify and Authenticate) products leveraging telecom signals for fraud prevention.· banking
2022
Expanded local payment network to 90+ countries covering mobile money wallets, carrier billing, and alternative payment methods.· banking
2023
Partnered with NTT Docomo and DAZN in Japan for mobile carrier billing payments.· banking
2025
Continued expansion of local payment method network for global enterprise merchants including digital content and streaming platforms.· banking
Regulated entities
EMI / Payment Services
UK (FCA)
Boku Network Services UK Ltd
Payment Services
Multiple (global entities)
Boku, Inc. and subsidiaries
The stack
Payments / PSP
Boku (self-operated)
FX & payouts
Boku (self-operated)
Accounting gap: none