Bango plc announces a placing of 12,222,222 new ordinary shares at 90 pence per share to raise approximately £11 million
The Placing comprises an initial placing of 944,000 new ordinary shares of 20 pence each (“Ordinary Shares”) (the “First Tranche Placing”) and a placing of a further 11,278,222 new Ordinary Shares (the “Second Tranche Placing”). The new Ordinary Shares proposed to be issued pursuant to the First Tranche Placing are expected to be admitted to trading on AIM on 16 November 2015 and the new Ordinary Shares proposed to be issued pursuant to the Second Tranche Placing are expected to be admitted to trading on AIM on 1 December 2015.
Read the associated Circular to Shareholders here
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Bango was asked to comment on an article in TechCrunch about use of DCB for iTunes in Germany.
We cannot comment on Apple’s expansion of support for carrier billing, other than to say we are delighted that Apple is extending the use of direct carrier billing following last years support for iTunes voucher sales.
Other app stores, including Google, Amazon, BlackBerry and Microsoft, have found carrier billing to be a successful payment method and have gradually expanded its availability. We expect that Apple will see success by increasing its paying customer base through carrier billing and follow a similar path.
Bango is delighted to announce the appointment of Mark Rosten to its senior management team, in the role of Senior Vice President of Development. Mark is leading technology innovation and product delivery for Bango as demand for the Bango Payment Platform continues to grow, driven by app stores expanding the roll out of carrier billing to their customers worldwide.
Mark has over 25 years’ experience in developing and leading strategic initiatives for technology companies. He has an extensive background in the systematic delivery of software and critical projects. Most recently, as E.U. Director of Product Development at GHX Europe, he designed and implemented their mission critical B2B transaction platform, becoming the market leader for the UK healthcare market. Building on that success he deployed solutions for European-wide medical device manufacturers, defining the standard for a global business rules platform. Continue reading
Progressive Equity research has released a report on the mobile app store marketplace, with direct carrier billing as its main focus.
The report provides an in depth view of the carrier billing app store environment, including; market share, competitive positioning as well as the overall opportunity that carrier billing represents as a standalone payment method, stating;
“We believe DCB represents a rapidly growing sub-sector of the mobile payments market, driven by the increasing numbers of apps available on the respective stores”
The report’s findings place Bango as the leader of carrier billing within the marketplace suggesting “The market is dominated by one player – Bango, achieving a share of over 40% of the total market.”
Click Here to download the report
Bango today announces its unaudited Interim Results for the six months ended 30 June 2015.
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Combination of huge Android growth and the #1 carrier billing platform opens-up app store experience to all Telkom SA customers
Bango, and Telkom South Africa, have partnered to launch carrier billing in Google Play, a first for Africa. Telkom SA is using the Bango Payment Platform to provide the service to its Android customers, giving them access to a universal payment method to fully enjoy the app store experience.
Read full announcement here
Amazon Underground, the new app for Android smartphones, offers a selection of apps, games and in-app content, all for free. It is designed to break Amazon into the mainstream on Android smartphones by increasing store distribution and customer acquisition. Consequently it means even greater choice on the Android platform.
Major app stores like Google Play dominate the mobile ecosystem. Google regulations state that all digital media and apps should use the store payment system to bill for digital goods using credit cards or carrier billing. With Android accounting for 78% of all smartphones shipped worldwide in Q1 2015 (IDC), Continue reading
Bango joined UK Prime Minister David Cameron on his recent trade mission to Asia. The government led mission was to highlight the UK’s fast-expanding financial technology sector, notable for its emphasis on SME’s and regional businesses, reflecting the Government’s emphasis on accelerating export growth and positioning the UK as a global leader. Here Bango CEO, Ray Anderson, gives an inside view on the trip.
I initially ignored a voicemail from “Number 10” as a prank call, but when they called a second time I realized that the opportunity to join a select bunch of CEO’s on a technology trade mission to Asia was real. The trip was deliberately revealed only 10 days ahead of departure and timings kept under wraps, this improved security for the Prime Minister and other secretaries of state going with us. However it was revealed that we would visit five cities in four days, departing Stansted on Sunday evening and landing at Heathrow early on Friday.
- 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.