Bango announces a number of changes to its Board of Directors, effective today, to support Bango’s position at the centre of the global market for monetizing digital content.
Bango Boost, unique post-launch Bango technology, has been nominated for its ability to enable app stores and operators to actively grow their carrier billing revenues and drive customer engagement. This exciting news follows a recent nomination for the Most Effective Mobile Payment Solution award at next week’s Effective Mobile Marketing Awards, and success at the Payments Awards 2016, where Bango took home the award for Best Alternative Payments Project.
Bango also received a nomination in the Mobile-First Market category at the Meffys, “Bango for Direct Carrier Billing in India”. Recognising the launch earlier this year of Direct Carrier Billing in India with Google Play and Idea Cellular, the first Google Play Direct Carrier Billing (DCB) activation on the Indian subcontinent.
The Meffys dinner and award ceremony takes place December 1st 2016, in London, as part of MEFs Consumer Trust Summit 2016.
This is fantastic news, the Meffys are the most illustrious awards in the mobile industry.
Bango announces that it has hired Fernando Dias to head-up operations in Latin America. This is the latest move in Bango’s strategy to expand global support for app store partners. Based in Bango’s office in Sao Paulo, Fernando will drive the roll-out of Bango’s globally successful model for activating carrier billing across the region.
A long-term and high-profile executive in mobile technology businesses, Fernando has played a leading role in the development of Value Add Services across Latin America. He was Chief Executive of Pure Bros, one of the pioneers of carrier billing for mobile content in the region, and most recently won new business for Minutrade, a business focused on mobile customer loyalty.
“Bango partners will benefit from Fernando’s vast experience working in this region”, said David Keeling, Chief Operations Officer at Bango. “We know that Latin America is a region where app stores are very keen to reach more customers, Bango is committed to working with operators and other payment providers to meet that need”.
Bango has a successful history in the region, having launched carrier billing for the BlackBerry app store in 2013 in Chile, Colombia and Mexico, and then the Window Phone and Mozilla Firefox content stores across multiple countries. Last year, the first ever launches of Direct Carrier Billing for Google Play in Latin America were completed by Nextel and Iusacell in Mexico, enabled by the Bango Payment Platform.
Latin America as a continent represents a significant opportunity for the major app stores to leverage carrier billing. With his wealth of local knowledge and extensive network of relationships across operators and mobile stores, Fernando will work with Bango partners to open up access to the full app store experience across Latin America.
Commenting on his new role, Fernando said: “I am excited to be joining the winning app store carrier billing provider. Bango is perfectly positioned to fill the huge gap in Latin America that limits full access to app store content by supporting our partners including Google, Amazon, Microsoft and Samsung, to roll out carrier billing across Latin America.”
Bango make it easy to pay for digital content such as apps, games, music, video and software. Watch this animated one minute explainer video to find out how Bango delivers the highest payment success rate for the world’s leading app stores.
Progressive Equity Research have published a new report about Bango ‘Investment strategy delivers strong growth‘, covering the significant organic and non-organic operational progress that Bango have made since focusing the Bango Payment Platform towards app stores in 2012.
“Bango has demonstrated considerable operational momentum over the recent past. Organically, the business has seen impressive geographic expansion and significant investment has been made in the product suite. Furthermore, the recent BilltoMobile acquisition in the US more than doubles FY15 end-user spend. We note that the strong growth in the business comes with no increase in the company’s cost base during the last two years, a testament to the power of its technology. Bango shares currently trade at around 55% of the September 2012 level.” Progressive Equity Research Limited (“PERL”), 2016.
The report covers key strategic factors that are delivering strong growth, including:
- Major geographic expansion with strong market presence
- Market-leading product suite that accelerates DCB customer revenue and growth
- Transformational M&A making Bango the dominant US DCB provider
Click here to download the report.
Bango CFO, Rachel Elias-Jones talks through the financial and operational highlights from today’s Interim Results announcement, covering the strong growth in End User Spend on a stable cost base, acquisition of BilltoMobile, strengthening of key partnerships and global expansion of the Bango payment Platform. Rachel discusses the key factors and focus for 2h2016 and 2017 that position Bango firmly on the path to profitability.
Bango today announces its unaudited interim results for the six months ended 30 June 2016.
Bango announces that it has expanded the availability of carrier billing for Microsoft Windows Store. For the first time, users in Finland, Norway and Hungary can make purchases from any Windows 10 device, including their Xbox One consoles, using their mobile phone account.
“Bango well positioned for global growth in app market”
Ray Anderson, Bango CEO was recently interviewed by Juliet Mann at Proactive Investors. Ray spoke about how Bango’s growth will come from greater availability of new digital content, additional payment routes and Bango’s developing relationship with South Korean mobile commerce company Danal.
Watch the full interview – ‘Bango well positioned for global growth in app market‘
On 12 August, Bango announced that it had signed a memorandum of understanding with Korean mobile commerce company Danal, aimed at strengthening its global payments footprint and for mutual technical and business benefit.
To provide extra information on this announcement, below are answers to the key questions asked by investors in response to this announcement.
Q: What impact will this have on End User Spend (EUS)?
A: The reason for the partnership is to significantly grow EUS across the Bango Payment Platform and to improve EUS for Bango store partners. At this early stage Bango is not sharing any specific EUS expectations.
Q: When can we expect to see any impact on EUS from this partnership?
A: Additional EUS generated directly from this partnership is likely to appear in 2017.
Q: How big is Danal’s payment business?
A: Danal provides full investor information on its website – https://www.danal.co.kr. In 2015 its Direct Carrier Billing (DCB) business EUS was reported to be well in excess of $1Bn – excluding the USA based BilltoMobile business which Bango now operates.
Q: What are the key benefits of such a partnership?
A: Danal payment methods integrated into the Bango Payment Platform will enable Bango’s global partners to increase their payment reach and make more sales. Danal merchant partners will gain access to the payment providers integrated into the Bango Payment Platform.
Q: Which Danal merchants will Bango integrate/activate?
A: Danal has a wide range of merchants using its payment platform, see Danal’s major customer list here. Any of these will be technically able to use the Bango Payment Platform. The DCB routes that they can activate will be dependent on their commercial agreement with each mobile operator – as with an app store. The payment routes integrated with Danal will be made available to Bango customers and displayed in Bango Grid as they become available, just like Mobile Network Operator (MNO) payment routes. Bango store partners will see the commercial terms for activation when they use Bango Grid and can then request activation.
Q: What is the DCB opportunity for Bango in China given that Google Play is not active there?
A: Bango does not currently plan to establish a direct presence in China. Bango will be supporting Danal in activating Chinese merchants through the Bango Payment Platform, and Bango will be supporting its major global customers with their plans to enter China, including their use of Danal billing routes. Danal has an extensive payment infrastructure in China, for example in support of its products which enable Chinese citizens to spend money outside China.
Q: The release says, “Danal payment methods will be integrated into the Bango Payment Platform” – what payment methods are included?
A: Potentially any payment route will be supported, but the initial focus will be on mass market payment options that are attractive to Bango customers.
Q: What is the commercial model for this partnership?
A: Danal and Bango typically charge a small fee for collecting payments through their respective platforms. Both companies therefore benefit by generating additional spending through their platforms through this collaboration.
Q: Are there any unusual opportunities available through the Danal partnership?
A: Danal has significant involvement in physical goods sales through DCB, and in biometric authentication – both of these areas are of interest to Bango and Bango customers. Danal also has an innovative sharing platform called SSOCIO, which will require ubiquitous payment capabilities as it rolls out worldwide.