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.
Last year Softbank in Japan made it possible for a subscriber to pay for a digital iTunes voucher on their phone bill. This meant that a customer could buy the voucher from Softbank and charge it to their bill. The purchase happens through the operator sales channels, not the iTunes store, where your preloaded payment card is still used to pay for everything.
In the UK, O2 is also now offering carrier billing as a payment method for digital iTunes cards. We expect that carrier billing will be a successful addition, extending the reach of digital cards to customers who cannot easily pay through other methods. It should encourage Apple to take the big step and integrate carrier billing directly into the iTunes store. The evidence from all other content ecosystems is that when carrier billing is embedded into the store experience on the smartphone itself, it yields a big uplift in content sales.
Google has been particularly successful in boosting sales from Google Play and now has over 40 carriers offering DCB. As we announced recently, Amazon has also now taken the big step, offering carrier billing in its app store to customers in Germany for the first time.
All of these cases are strongly supportive of carrier billing, underlining again that it is a versatile and truly global payment method for the digital age.
Announcement: Proposed Firm Placing, Placing and Open Offer of up to 6,250,000 New Ordinary Shares to raise up to £6.0 million (gross) and Notice of General Meeting
THIS ANNOUNCEMENT IS RESTRICTED AND IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, NEW ZEALAND AND THE REPUBLIC OF IRELAND OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL
On 29 September 2014, Bango announced a conditional Firm Placing, Placing and Open Offer of up to 6,250,000 New Ordinary Shares at 96 pence per share to raise up to £6.0 million before expenses.
Read the associated Circular to Shareholders here
Bango today announces its unaudited Interim Results for the six months ended 30 June 2014.
The Bango Payments Platform has today been shortlisted in the Mobile Money category for Meffys 2014.
The dinner and award ceremony will be held on November 19th in San Francisco, as part of MEFs Global Forum 2014. Bango is one of five companies worldwide to be shortlisted in this category by the judging panel. The five finalists are:
Mobile Money Category
- Bango for The Bango Payment Platform
- Barclays for Barclays Mobile Banking
- Mahindra Comviva for Econet Eco$ave powered by Mahindra Comviva mobiquity Money
- Personal Capital for Personal Capital
- Smart e-Money, Incorporated for Mobile Cash Transfer Program
This is excellent news –The Meffys are the highest profile awards in the mobile industry.