BOKU Signs Direct Billing Agreement with Deutsche Telekom
May 7, 2012
Direct carrier billing technology provider BOKU, Inc. on Thursday signed a direct billing agreement with Deutsche Telekom, the largest mobile network operator in Germany. Under the agreement, Deutsche Telekom’s 34 million subscribers can purchase digital and virtual goods online and charge them to their existing wireless account. When shopping at online merchants that accept BOKU, customers enter their phone number at checkout and respond via SMS to confirm the payment.
Direct carrier billing results in higher conversion of Website visitors to purchasers, notes James Patmore, senior vice president of global carrier relations for BOKU.
“Our merchants find significant value in the high conversion rate of mobile payments for online purchases—it’s much simpler than using a credit card or completing an ELV bank transfer,” says Patmore. “We’re proud to offer the cutting edge technology and bank-grade payments platform, which makes this all possible.”