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This article was published on November 21, 2013

    Mobile payments service Boku focuses on Asia after buying India’s Qubecell in first-ever acquisition

    Mobile payments service Boku focuses on Asia after buying India’s Qubecell in first-ever acquisition Image by: Peter Macdiarmid
    Ken Yeung
    Story by

    Ken Yeung

    Ken Yeung is a reporter for The Next Web based in San Francisco, CA. He carries around a big camera & likes to write about tech, startup Ken Yeung is a reporter for The Next Web based in San Francisco, CA. He carries around a big camera & likes to write about tech, startups, parties, and interesting people. Follow him on Twitter, on Facebook, and Google+.

    boku_logo_webready_stackedMobile online payments company Boku completed its first acquisition, after buying direct carrier billing service Qubecell in an undisclosed amount. The move allows Boku to establish a strong foothold in India and to properly look towards improving its presence in Asia and the Middle East.

    Qubecell’s employees, technology, and relationships are all part of the deal and will eventually be rolled into the Boku brand.

    The Boku-Qubecell relationship isn’t anything new — both companies have worked closely over the past year and identified a “great cultural fit”. Jon Prideaux, Boku’s Chief Business Officer, says that Qubecell’s experience with four of India’s largest carrier networks and local merchants is an important part of the acquisition.

    Photo credit: Peter Macdiarmid/Getty Images