Boku inks new agreement with Amazon Japan

Mobile payments firm Boku revealed on Wednesday that it has struck a new commercial agreement to supply digital wallet and other local payment methods to Amazon Japan.

Boku stated its new agreement with Amazon JP enabled the processing of payments through the amazon.co.jp website.

The AIM-listed group also highlighted that revenue from the new agreement will be based on the transaction value that it processes.

Chief executive Stuart Neal said: "This new agreement with Amazon JP is a testament to Boku's goal to provide innovative and secure mobile payment solutions to global merchants.

"We are excited to partner with Amazon JP and expand our presence in the Japanese market, which is one of the leaders in mobile wallet adoption."

As of 1040 GMT, Boku shares were up 1.33% at 190.0p.

Reporting by Iain Gilbert at Sharecast.com