Boku partners with Japanese payments firm PayPay

Mobile payment and mobile identity company Boku announced a partnership with Japan-based e-wallet and QR code payment service PayPay on Monday.

The AIM-traded firm said the partnership would allow Boku merchants to offer the PayPay payment service through their existing connection.

It said the two companies had partnered to offer a “card-like” experience to Japanese consumers for the PayPay e-wallet.

PayPay users would be able to place their e-wallet 'on-file', enabling app store, game console and digital over-the-top (OTT) subscription services, to take advantage of the kind of functionality traditionally associated with cards.

“Through a partnership with PayPay, which has been enabling and accelerating the adoption of cashless payments in Japan, and Boku, a world-leading payment service provider, we are delighted to be able to provide more merchants and consumers with the convenience of cashless payments,” said Yoshitaka Ito, deputy division head of PayPay’s sales group online sales division.

Mark Stannard, chief business officer of Boku Payments, added that the growing acceptance of e-wallets was helping merchants and consumers make mobile transactions simpler.

“We are immensely pleased to partner with PayPay in achieving this goal and delivering value to their 28 million users.”

At 1607 BST, shares in Boku were down 0.28% at 89.75p.