22 Dec 2014 16:31
Zamano PLC
22 December 2014
zamano plc
Interim Management Statement
Zamano (AIM: ZMNO | ESM: ZAZ), the mobile payments and marketing company, today announces that it is now an approved direct carrier billing partner with Vodafone Ireland and has successfully connected to Vodafone Ireland for Direct Operator Billing / Carrier Billing. Zamano will now develop the required platform infrastructure to allow merchants to sell goods directly to Vodafone Ireland customers and process payments via direct carrier billing provided by zamano. Vodafone Ireland represents approximately 43% of the mobile market in Ireland and zamano is in ongoing discussions with other network operators. Zamano sees the development of our Direct Carrier Billing offering as a natural evolution to our business model.
In addition, Zamano's core business which is based on bulk SMS and SMS payments continues to perform well in a very competitive and highly regulated market resulting in ongoing growth in both revenues and profitability compared with prior year. Zamano continues to look for opportunities to buy businesses on sensible valuations that are synergistic with our core assets and skills.
Ross Conlon, CEO of Zamano plc, commented "Getting direct connections to Mobile Networks Operators' carrier billing systems is a key objective for the group. We are currently negotiating with other operators and look forward to getting other connections fully established in the near future. We believe that user experience will win out with respect to payments on Smartphones. Our strategy will be to build an Application Programming Interface (API) around our platform to enable our customers to access simple mobile payment systems.
- Ends -
For further information, please contact:
zamano plc
Ross Conlon, Chief Executive Officer
Tel: + 353 1 554 7259
Michael Connolly, Chief Financial Officer
Tel: +353 1 554 7261
Investec Corporate Finance
Shane Lawlor/Conor Murtagh
Tel: + 353 1 4210000
Cenkos Securities
Alan Stewart/Derrick Lee
Tel: + 44 (0) 131 220 6939
Media Enquires:
MCOMM Communications Consultants
Richard Moore
Tel: +353 1 661 9428
Mob: +353 87 241 4751