Bango signs Digital Vending Machine deal with Japanese platform

(Alliance News) - Bango PLC on Wednesday said it has signed a new Digital Vending Machine deal with the Japanese employee benefits platform Benefit One Inc.

The Cambridge, UK-based mobile commerce company said that Bango Digital Vending Machine technology enables "a wide range of subscriptions to be offered to consumers, significantly reducing development time and effort."

From April 2023, employers in Japan that use the Benefit One employee benefits and incentives system will be able to offer subscription services to their employees.

By taking up these bundled offers, employees can receive a discount on the standard monthly cost of the service, Bango explained.

The company added that the deal expands the Bango Digital Vending Machine to a new vertical beyond telecoms while generating additional annual recurring revenue and new customers in Japan.

Bango Senior Vice President Andy Suzuki said: "We're excited to work with Benefit One to add the latest and greatest subscription services to their range of member benefits. Bango technology takes away the complexity and makes it as easy as possible to get to market fast with the products and services members really want."

Shares in Bango were up 2.7% to 228.50 pence each in London on Wednesday morning.

By Sophie Rose, Alliance News reporter

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