High growth in emerging markets

RNS Number : 3130C

Bango PLC

15 October 2015

 

15 October 2015

BANGO PLC

("Bango" or "the Company")

High growth in emerging markets

Bango plc (AIM:BGO), the mobile payments company, is pleased to announce End User Spend in emerging markets ahead of Bango's prior expectations.  Entering Q4 2015, End User Spend through the Bango platform has grown to an annualised rate exceeding £60M (USD $92M), 98% higher than 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.  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 is now the number one provider of carrier billing routes for global app stores, as recognised by Progressive Equity Research (Sept 2015). A copy of this report can be found at http://bangoinvestor.com/  

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For Further information please contact:

Bango plc
Ray Anderson, CEO	[phone]
Gerry Tucker, CFO
Cenkos Securities plc	[phone]
Nick Tulloch/ Beth McKiernan
FTI Consulting
Matt Dixon / Chris Lane	[phone]

About Bango

In the era of mobile technology, collecting payments has emerged as a central and complex challenge. Bango (AIM: BGO) powers payment on the mobile web, providing users with a massively smooth payment experience.

Bango's pervasive presence across the web creates a platform effect for partners, identifying hundreds of millions of users and maximizing the number of one click payments. Global leaders plugging into Bango include: Amazon (NASDAQ: AMZN), Samsung (005930:Korea SE) Blackberry World (NASDAQ: BBRY), Facebook (NASDAQ: FB), Firefox Marketplace, Google Play, Windows Phone Store (NASDAQ: MSFT) and major mobile brands including CNN, Cartoon Network and EA Mobile. Visit: bango.com

 

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