“Bango has announced what is, in our view, a significant Direct Carrier Billing (“DCB”) launch with Amazon in Japan. Bango Platform technology is enabling customers on Japan’s two largest mobile operator networks to purchase physical goods from Amazon Japan, charging the cost to their phone bill. We believe this is the first carrier billing payments service for physical goods from Amazon. The announcement contains no details on the terms of the transaction and for now we make no revisions to forecasts. Nevertheless, with the Japanese e-commerce market estimated at US$100bn annually and Amazon the market leader, we expect the deal to be substantial for Bango.” PERL, 2017
Bango announces that it has enabled a new payment method for Amazon customers in Japan. Amazon customers with a KDDI (au) or NTT DOCOMO mobile phone account can now pay for physical goods from Amazon.co.jp, by charging the cost to their mobile phone bill.
The payment method opened-up to purchase goods on Amazon.co.jp at the start of June, greatly increasing the range of products that can be charged to the phone bill by KDDI and NTT DOCOMO customers, who cover around 75% of all mobile subscribers in Japan (Telecommunications Carriers Association, Japan, 2016).
Read the full announcement – Physical goods payments for Amazon in Japan
2016 was a year of strong growth for Bango. Watch Bango CFO, Rachel Elias-Jones discuss the key operational and financial highlights of FY2016, and the exciting outlook for Bango in 2017 and beyond.
Click here to order a printed copy of the Bango 2016 Annual Report.
The Bango AGM will be held at 2pm on Wednesday 24 May 2017 at the offices of Bango, 5 Westbrook Centre, Cambridge, CB4 1YG.
Whenever a Director is proposed for re-election, the Bango board carefully considers a) the continuing value that Director brings to the board, b) their participation during the previous period serving on the board, c) for NEDs, the risk that a non-executive board member could lose their independence from the executive team having been a Director for a previous period – the so-called “Going native” problem.
Martin Rigby has been a Director of Bango PLC for 11 years. This is just over 9 years, the point after which a NED is thought, by some, to potentially exhibit impaired independence. A review of Martin’s contributions over the last year by two recently appointed Director’s indicated no signs of lack of independence. The basis for retaining Martin as a Director for a further two years is that he has extensive knowledge of the digital content market from an independent, “outsider” perspective, deep expertise in corporate governance, and a knowledge of the competitive landscape gained outside Bango that is very difficult to find elsewhere. The board therefore considers that a) Martin remains independent and b) in addition to this test of independence, his role as an independent Director would be valid because of the industry and governance values he brings to the board and stakeholders.
Bango today announces its Final Results for the year ended 31 December 2016.
View a copy of the presentation slides used to support the Bango Strategy Day held in London, UK on 30 January, 2017.
Ray Anderson, Bango CEO sat down with Proactive Investors to discuss the growing market Bango operates in and how Bango technology is able to standardize payments across this vast landscape.
“As the number of smartphone users increases quickly, and the traditional, first generation payment methods don’t expand to accommodate that, there’s that huge gap and that’s where Bango fits. We enable any of the merchants to hook into any new payment method that emerges to fill that gap. So, with billions of new users emerging, wanting to buy things from the global goliaths, whether that’s content, games and other services, we think the market ahead of us is huge so we want to get our share of billions of dollars of end user spend for our merchants”.
-Ray Anderson, CEO at Bango
Watch the full interview here.