15th Oct 2015 07:16
LONDON (Alliance News) - Bango PLC on Thursday said that end user spend in emerging markets has been ahead of the payments company's previous expectations.
Entering the fourth quarter of 2015, end user spend through the Bango platform has grown to an annualised rate of more than GBP60 million, almost twice as much as the equivalent rate 12 months earlier.
"During 2014 and 2015, Bango launched a number of direct carrier billing connections in emerging markets for app store partners, including for the BlackBerry World and BlackBerry Messenger stores, and for the Windows Phone Store," Bango said.
"With further billing routes activated in 2015, including the launch of direct carrier billing via Google Play in Mexico and South Africa, these new emerging markets are now materially contributing to End User Spend on app store content via the Bango platform and will be a greater contributor to 2016 performance than previously expected," Bango said.
Bango shares were up 9.2% at 86.30 pence on Thursday morning in London.
By Samuel Agini; [email protected]; @samuelagini
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