Boku Posts 30% Revenue Surge, Proposes UK Card Scheme Rivaling Visa
FY25 revenue rose 30% to $128.8 million, adjusted EBITDA increased 36% to $41.3 million with a 32.1% margin. CEO Stuart Neal urges a UK domestic card scheme to rival Visa and Mastercard, using mobile QR infrastructure to cut interchange fees without extra investment.
1. Robust FY25 Financial Results
Boku reported a 30% increase in FY25 revenue to $128.8 million and a 36% rise in adjusted EBITDA to $41.3 million, driving its margin to 32.1%. The platform scaled monthly active users by 31% to 114.4 million and lifted total payment volume by 27% to $15.7 billion, ending the year with over $100 million in cash and zero debt.
2. Push for UK Card Scheme Alternative
CEO Stuart Neal advocates establishing a UK domestic card network to compete with Visa and Mastercard, highlighting excessive interchange fees embedded in legacy infrastructure. He proposes leveraging existing mobile-first QR technology—already proven in markets like India and Brazil—to deliver a secure, cost-effective payment option requiring minimal implementation investment for merchants and consumers alike.