BOKU has announced the launch of its new mobile payments service, along with the acquisition of both Paymo and Mobillcash businesses. The payments service enables global consumers to make online purchases of digital and virtual goods with their mobile phones.

“We’re thrilled to unveil BOKU. Our vision is to provide a new industry standard for mobile payments, bringing ease, accessibility and security to the market,” stated Mark Britto, CEO for BOKU. “The strength of these two acquisitions and our recent financing will help us strategically to enable global consumer adoption and accelerate global carrier coverage.”