Boku was early in the mobile payments space and it expects the market to continue to grow with trends like web3 and despite threats from cryptocurrency.
With many people around the world stuck at home for the last two years due to the Covid-19 pandemic, and more content and services consumed digitally, the company saw a "Covid bump" in revenue and usage. It is business that Prideaux expects to be sticky.
Boku shares have risen roughly 60% since its first day of trading after a 2017 IPO — notable for being a U.S.-based start-up that went public in London — though like many tech stock stocks that boomed during the pandemic, its price has declined since last summer. In August 2021, Boku launched M1ST, or "Mobile First," a mobile payments network that standardizes options including WeChat Pay and Apple Pay into one network.
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