Boku (AIM:BOKU)  has reported strong trading in the first five months of the current financial year to 31 December 2020 as coronavirus lockdown measures led to an increase in demand for its online payment services. 
 
The mobile payments platform said it saw record deployments with total payment volumes rising 35% to $2.6bn, while the number of payment monthly active users (MAUs) were 36% higher at 20m.  
 
The group also saw an increase in new user adoption, with the number of new users also jumping 20% over the period to 9.2m, an increase of 1.5m, or 20%, in the same 2019 period. 
 
New payment launches ran at record levels with new deployments in Asia, Europe, the Middle East and the Americas for merchants including Netflix, Google, Sony, Spotify and Tencent. 
 
Shares in Boku were trading 1.17% higher at 86.5p on Wednesday morning.  

Boku reported that its Identity division had made ‘good progress in building out an international solution’, with the number of supply connections having ‘significantly expanded’ through the addition of direct and indirect connections to over 200 carriers in 51 countries. 
 
“Boku has traded strongly through the period of lockdown with existing merchants benefiting from increased demand for home entertainment as more people spend time at home, leading to record levels of new users making their first Boku Payment,” said Jon Prideaux, CEO. 
 
“Operationally, Boku has been able to build supply and activate new customers across both Identity and Payments in record numbers,” he commented. 
 
Prideaux added that the company remained confident of meeting market expectations for the current year and that it would provide further updates to investors at the half year stage. 
 
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