Bango Platform Sees Demand For Carrier Billing

LONDON (Alliance News) - Bango PLC Thursday said that app stores and mobile network operators are trusting its payment platform as they look to introduce carrier billing in their markets.

In a statement, Bango said that carrier billing is now available through its payment platform to users of Samsung Galaxy apps that subscribe to O2 in Germany and Movistar (Telefónica) in Spain; users of Google Play that subscribe to Taiwan Star and XL in Indonesia; and to users of Windows Phone Store that subscribe to Umniah in Jordan, Movistar in Mexico and Three in the UK.

Carrier billing allows consumers to charge the cost of their purchase to their phone bills. Bango's platform gives users the option of one-click mobile payment, which is meant to increase payments and revenue for app stores and mobile operators.

"Today's announcement demonstrates that Bango is a crucial part of the monetization strategy of both global app stores and major mobile network operators. These industry players know the importance of launching carrier billing in a greater number of markets quickly, and trust the Bango Payment Platform to deliver this vital revenue driver. Smartphone sales and digital content sales continue to grow globally and we are proud to be part of this exciting expansion of the app economy," Chief Executive Ray Anderson said in a statement.

Bango shares were up 3.6% at 115.00 pence on Thursday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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