BOKU, via its blog announced that the company has obtained regulatory approval for the extension of the BOKU Payments Platform in the European Union in the form of an e-Money license. According to BOKU, this approval has proved that BOKU platform meets the stringent security and regulatory requirements of Financial Service Authority in the UK.
BOKU is a frictionless payment system allowing a mobile phone number to be used as a safe and secure payment instrument in 66 countries through more than 240 carrier partners, connected to merchants such as Facebook, Disney, EA and Zynga.
by Terry Brown