- UK technology company’s payments platform selected by Asian operators to capitalize on the fast growing app economy
- Bango among financial technology companies travelling to Asia with UK Prime Minister David Cameron
Bango announced today that in the first half of 2015 it has completed seven mobile payment agreements with Mobile Network Operators across Asia. This includes launching carrier billing routes for Indosat and XL in Indonesia, and Taiwan Star in Taiwan. Continue reading
The mobile payment industry had another solid boost at Google I/O 2015 in San Francisco. Their keynote was completely dominated by mobile and quickly introduced Android Pay, which launches as part of the new Android M in Q3 2015.
Android Pay addresses mobile credit and debit card payments using Near Field Communication (NFC) technology in stores, and online from partner apps, for physical goods and services. It provides a compelling Google alternative to Apple Pay. Leading US mobile operators are working closely with Google to pre-configure subscribers mobile phones in stores. This follows Google’s deal to adopt Softcard, the operator-backed mobile wallet initiative, to help expand the reach of Google’s mobile payments system. Google announced availability in 7000+ retail stores across the US.
Google also announced a new Hands-free Payments trial with McDonald’s and Papa John’s Pizza in the San Francisco Bay Area. This new Android app uses Bluetooth technology to automatically authorize Android Pay payments in store, without the need to even touch your phone, simply by providing your name to the cashier. Hands-free Payment leverages true mobile capabilities rather than simply trying to replace widely adopted cards with a smartphone and NFC terminals. It aligns well with the Bango mission to leverage state of the art mobile technology to dramatically simplify payments and also with more recent industry views, including those by Amazon. The Google Hands-free Payment trial follows similar initiatives launched by Square in 2011 and by PayPal in 2013. Mass uptake of Google smartphones should ensure third time lucky.
For many, Google’s payments plans beyond carrier billing seemed, for a couple of years at least, to have gone dormant. With this announcement they are strongly back in the frame for driving point of sale payments forwards. Meanwhile, Google is taking full advantage of Direct Carrier Billing with over 60 mobile operators now live, and more being added each month. A growing number of these mobile operators choose to standardize on the Bango Payment Platform for Google Play and other app stores, ensuring a unified solution with the fastest time to market, the lowest integration and operational costs and maximum profitability.
Bango today announces its Final Results for the year ended 31 December 2014.
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Click here to download the Bango Annual Report 2014, click here for the Notice of Annual General Meeting and here for the associated form of proxy.
Click here to order a printed copy of the Bango 2014 Annual Report.
The Bango AGM will be held at 2pm on Wednesday, 27 May 2015 at the offices of Bango, 5 Westbrook Centre, Cambridge, CB4 1YG.
In an interesting Forbes article, published this month, Bango is called-out as a pioneer of a new type of economy.
The Forbes article interviews the journalist and author Haydn Shaughnessy, who recently published “Shift: A User’s Guide to the New Economy”. In the interview in Forbes, Shaughnessy comments: Continue reading
Bango is pleased to announce that Indosat, the leading Indonesian Mobile Network Operator, has used the Bango Payments Platform to launch one-click payment for Google Play customers.
This activation enables Google Play customers on the Indosat network to purchase games, music, apps and other digital content, without the use of premium SMS messages or the limitations of credit cards. Instead, users enjoy frictionless direct carrier billing, charging the cost to their phone bill, without the need to register personal details. Continue reading
Bango is pleased to announce that it has launched Direct Carrier Billing (DCB) for Samsung Galaxy Apps with Telkom South Africa. This is the first Samsung DCB launch in the continent of Africa.
Telkom and Samsung have partnered with mobile payment leader Bango in order to launch the service. The service is made possible through Telkom’s Event Billing service and will enable Telkom customers to purchase Samsung applications from the GALAXY Apps store and charge it directly to their mobile phone bill or airtime, using their Samsung devices. Customers can also make in-app purchases, such as additional content or new levels for a gaming app, without interruption to the app experience. This “frictionless” payment experience is emerging as the preferred model for payment in app stores, enabling more consumers to access paid content, without the need for credit/debit cards or to register personal details. Continue reading
In this video Gerry Tucker, CFO, Bango discusses recent progress, including the recent Samsung partnership. He explains how the Bango Platform provides a single integration point for mobile operators to activate a variety of app stores, and vice versa. The platform can handle up to 20 times the current transaction volume without any additional investment, highlighting the operational leverage. The focus for 2015 is delivering on the recently announced partnerships and driving up end-user spend.
The announcement last week that Samsung has integrated with the Bango Payments Platform, unlocking one-click payment in their app store, is important for two reasons. First it confirms that paying for content and services on the mobile phone bill is an essential component of today’s smartphone experience. Secondly, when the world’s largest smartphone maker standardizes on the Bango Payments Platform, it makes clear that the carrier billing market has reached maturity. Continue reading
Bango has signed a global agreement with Samsung Electronics Co., Ltd., one of the world’s largest technology companies and the world’s leading smartphone manufacturer.
Under the terms of the agreement Bango will provide carrier billing, collection and settlement for digital content – such as games, e-books, music and videos – purchased through the Samsung Galaxy Apps app store.
The roll-out across a wide range of countries will begin immediately and Bango will provide an update on progress in due course.
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