Boku, Inc (DI) Reg S Cat 3/144A (BOKU)

Sector:

Support

Index:

FTSE AIM 100

 161.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 168.00
  • 52 Week Low: 124.00
  • Currency: UK Pounds
  • Shares Issued: 297.06m
  • Volume: 500,838
  • Market Cap: £479.75m
  • RiskGrade: 158

Boku gets non-bank merchant status from Malaysian central bank

By Josh White

Date: Monday 25 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Mobile payments specialist Boku announced on Monday that its Malaysian subsidiary, Boku MY, has secured a green light from Bank Negara Malaysia (BNM) to function as a non-bank merchant acquirer after persistent efforts and investments in the Malaysian market.
The AIM-traded firm said Malaysia pioneered advanced payment methods, with a notable surge in mobile wallet adoption and use.

Two pivotal local payment schemes, DuitNow and the Financial Process Exchange (FPX), were said to be spearheading southeast Asia with state-of-the-art features.

In particular, DuitNow's innovative variable recurring payments (VRP) with DuitNow AutoDebit illustrated the country's drive towards next-generation financial solutions.

The company said the authorisation from BNM allowed Malaysian businesses to tap into Boku's expansive global payment network, which encompasses more than 200 payment methods.

That would allow them access to financial services and pave the way for business expansion on an international scale.

Additionally, Boku said consumers would benefit from a broader range of payment choices for their transactions, encompassing local and global merchants associated with the firm.

"With its vibrant fintech ecosystem, supportive regulatory environment, and high mobile and internet penetration, Malaysia is important in Boku's global plans to transform the payment ecosystem towards the new generation of payments," said chief executive officer Jon Prideaux.

At 1150 BST, shares in Boku were down 1.68% at 143.05p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BOKU Market Data

Currency UK Pounds
Share Price 161.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 168.00
52 Week Low 124.00
Volume 500,838
Shares Issued 297.06m
Market Cap £479.75m
RiskGrade 158

BOKU Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.69% below the market average61.69% below the market average61.69% below the market average61.69% below the market average61.69% below the market average
54.02% below the sector average54.02% below the sector average54.02% below the sector average54.02% below the sector average54.02% below the sector average
Price Trend
75.90% above the market average75.90% above the market average75.90% above the market average75.90% above the market average75.90% above the market average
43.69% above the sector average43.69% above the sector average43.69% above the sector average43.69% above the sector average43.69% above the sector average
Income Not Available
Growth
95.16% below the market average95.16% below the market average95.16% below the market average95.16% below the market average95.16% below the market average
96.08% below the sector average96.08% below the sector average96.08% below the sector average96.08% below the sector average96.08% below the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BOKU Dividends

No dividends found

Trades for 04-Mar-2024

Time Volume / Share Price
12:22 198,339 @ 160.00p
16:11 2 @ 161.95p
14:24 6,544 @ 161.50p
14:24 10,256 @ 161.50p
13:32 17,500 @ 160.00p

BOKU Key Personnel

CFO Keith Butcher
CEO Stuart Paul Neal

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