Sprint extends mobile payment options with Boku billing
Boku is expanding its mobile payments network to Sprint Nextel (NYSE:S), enabling the operator's subscribers to charge digital media purchases directly to their monthly wireless bill.
Boku's on-device payment process allows consumers in 66 countries to buy online goods and services with their wireless phone number, eliminating the need to store personal financial data on their phone or tablet. The Boku merchant network includes brands like Facebook, eBay Classifieds, Electronic Arts and Sony Online Entertainment; its payment services span more than 250 mobile operators worldwide, including Sprint rivals Verizon Wireless (NYSE:VZ), AT&T Mobility (NYSE:T) and T-Mobile USA.
Boku is the latest in a series of mobile payment options available to Sprint customers. Last year, the carrier inked a similar agreement with Boku competitor BilltoMobile to support on-device online purchases; the deal followed on the heels of Sprint Mobile Wallet, which enables subscribers to buy physical and digital products directly from their phones by entering a universal PIN code and billing purchases to their existing Visa, MasterCard and Amazon Payments account.
Sprint also supports the Google (NASDAQ:GOOG) Wallet tap-and-pay solution across three Android smartphones. In March, the carrier additionally announced an agreement with payments and transaction processing firm PreCash to develop a mobile wallet application optimized for the Boost Mobile and Virgin Mobile USA prepaid subsidiaries, enabling no-contract customers to make utility bill payments and related transactions via mobile device.
In related Boku news, the company announced two executive hires: Jon Prideaux, former executive vice president for Visa, is joining as chief business officer, and Stuart Neal, former managing director of international development for Barclaycard, is signing on as senior vice president of business development.
- read this release
Boku lands $35M to fuel mobile payments growth, led by Telefonica
Boku extends mobile payments platform to MasterCard PayPass
Boku launches 1-Tap Billing for Android
BilltoMobile teams with Boku for Verizon mobile payments
Boku raises $13 million, acquires Paymo and Mobilcash