28th May 2014 09:36
LONDON (Alliance News) - Bango PLC said Wednesday that it is pleased with its progress since the beginning of the year and is making headway in expanding its commercial partnerships after integrating 12 Mobile Network Operators into its platform during the period.
The mobile payments company said it has signed agreements to provide mobile payments for a number of leading app stores, including BlackBerry World, Google Play, Windows Phone Store, Firefox Marketplace, Amazon and Facebook.
The company is now focused on increasing the number of Mobile Network Operators integrated into the Bango Platform for operator billing, so that its app store partners can bill more of their customers through Bango's global network, it said.
In a statement released ahead of the company's annual general meeting Wednesday, Bango Chief Executive Ray Anderson said the firm is making good progress in expanding its commercial partnerships with MNOs around the world.
During 2014 so far Bango has integrated 12 new MNOs with the Bango Platform; MNO integrations completed to date now total 137. Also since the beginning of 2014, the firm has launched additional operator billing integrations for its app store partners with Saudi Telecom and Mobily in Saudi Arabia, Mobinil in Egypt, Telkom in South Africa, Telefónica in Mexico, Telefónica in Chile and Telenor in Hungary. In many cases these are the first time these operators have enabled charge-to-bill for app stores, said Bango.
The company released an upgraded version of its Dashboard product earlier this month to provide additional capabilities.
Looking ahead, Anderson said Bango has grown its MNO integration pipeline to a level that now represents over 50 additional MNO integrations, with more than 30 of these already underway.
"App stores have raised customer expectations for the simplicity and security of mobile payments... While these pressures have obsoleted many of the original mobile payments "aggregator" businesses, Bango has been able to capitalize on its direct operator billing technology to develop a strong competitive advantage in these evolving market conditions," said Anderson.
Shares in Bango were trading 2.69% higher at 111.9375 pence per share Wednesday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
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