DaoPay to acquire Boku’s pay by call payment business
DaoPay, an Austria-based provider of mobile phone payment solutions, has agreed to acquire the pay by call payment business of Boku.
Boku is a US-based mobile payments startup and has been bought for an undisclosed sum.
The deal is expected to complete in the third quarter of 2015.
This acquisition is expected to expand DaoPay’s position in the pay by call sector and make it the largest processor for pay by call payments globally.
DaoPay CEO Peter Krapfl said: “With this strategic purchase we are able to strengthen our position and serve more clients than ever before.”
DaoPay is a phone payment service that allows users to pay by phone in 54 countries around the world using mobile or landlin