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Subscriptions: Digital Vending Machine® (DVMTM)

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Bango CEO, Paul Larbey sat down with MarketWatch to discuss how momentum is building in the rapidly evolving subscriptions economy. The interview covered three key themes for investors: revenue growth, global expansion and the path to profitability.

Bango is powered by a dual business model:

Payments: Our established engine, processing carrier billed payment transactions for global giants such as Google and Amazon. Each payment routed through Bango generates a fee, creating a dependable, cash-generative revenue stream.

Digital Vending Machine® (DVM): The high-growth driver of our future. This enables telcos, banks and retailers to bundle popular subscription services like Netflix or Xbox Game Pass with their offerings. The DVM creates win-win partnerships: distributors attract and retain customers, while content providers gain instant reach.

Together, these businesses create balance, predictable cash from payments and high-margin growth from the DVM.

Bango’s DVM has achieved strong traction in North America, with 6 of the top 8 Telcos already integrated. This credibility in the world’s largest subscription market provides a springboard for international growth.

Over the past year, Bango has announced partnerships across Asia (South Korea, Japan), Europe, Africa, and India, signing new contracts with major Telcos, including MTN, Dish Network, and KT Telecom.

Looking ahead, Bango is extending its reach beyond Telcos to retailers and banks, and unlocking new distribution channels in Japan, Europe and beyond.

In 1H25, Bango demonstrated strong revenue growth and disciplined cost management, with adjusted EBITDA more than doubling year-on-year.

The Payments business continues to provide stable cash flow

The DVM is scaling rapidly, adding high-margin, recurring revenues

Together, they set the business on track for sustainable profitability and positive free cash flow

As highlighted in the interview, Bango combines stability and growth in a model that is both resilient and scalable. Investors can be confident that Bango is delivering today while accelerating toward long-term profitability.

Bango CEO Interview with MarketWatch: Two engines driving growth