Boku, the global network for localised payment solutions, marks a landmark year in 2024 with strong commercial growth (H1 24 revenues up by 24%), accelerated merchant adoption, a 30% increase in monthly active users, and the delivery of new strategic partnerships in key geographic regions -, most notably in Europe, APAC and Africa. 

Following CEO Stuart Neal’s appointment in January 2024, Boku made significant strides in key international markets, securing high-profile strategic partnerships and introducing new platform innovations.  

In April of this year, Boku achieved license from the Reserve Bank of India to operate as a Payment Aggregator, enabling the company to give global merchants seamless access to one of the world’s fastest-growing digital economies through its localised payments network.  

In June, Boku announced a new partnership with BLIK, the instant payment system in Poland.  This partnership enabled BLIK’s 16.3 million active users in Poland to use A2A payments in the Google Play Store for the first time. 

As well as commercial growth, Boku’s other significant milestones in 2024 include: 

• Robust financial results throughout 2024, with H1 revenues surging by 24% to $47.3 million, reflecting strong business momentum and customer demand.  

• Former NatWest executive Rob Whittick joined as CFO, Paul Jarrett as Chief Banking & Treasury Officer and Victoria Rodgers as Chief People Officer. 

• Boku released its ‘2024 Global Ecommerce Report: The Changing World of Payments’, providing new insights into the state of digital commerce and payments. 

• Local payment network expansion for its global merchants, with a raft of new launches throughout the year, including Airtel, MTN and Vodafone in Ghana; Virtual Accounts in Indonesia; Airtel and Tigo in Tanzania; Airtel and MTN in Uganda; VietQR in Vietnam, MerPay in Japan; FPX in Malaysia, and QRPH in the Philippines.  

• Significant growth in both users and payment volumes with a 30% increase in monthly active users to 79.6 million in June 2024 and 39.9 million new users making their first payment or bundling transaction in the first half of 2024. This represents a 16% rise in total payment volume to $5.8 billion, up 26% on a constant exchange rate basis. 

Boku also received significant industry recognition throughout the year with a number of accolades including: 

• ‘Best Payment Facility’ award at the Card & Payments Awards. 

• ‘Best Payment Innovation’ award at Juniper Research’s annual Future Digital Awards for Fintech & Payments.  

• Winner of the Global Payment Facilitator Enabling Technology Leadership Award by Frost and Sullivan at their “2024 Best Practices Awards”.  

Boku CEO Stuart Neal said, “2024 has been an inflection point for Boku – the company is now well positioned as one of the world’s largest and most innovative global payments networks with significant expansion in key global markets, most notably in Europe, APAC, and Africa, with significant market launches scheduled for LATAM in 2025. We’ve won industry recognition for leading rapid payments transformation and helping our merchants to grow services and repatriate settlement funds from across the globe. We look forward to carrying this momentum forward into 2025 as we accelerate our purpose to give people the freedom to buy what they want, the way they want.”