logo-loader

Great time to take a look at Bango plc, says Progressive Equity

Published: 14:45 15 Dec 2016 GMT

It's a great time for investors to take a look at mobile payments firm Bango plc (LON:BGO), reckons analyst Gareth Evans from Progressive Equity Research.
The group is a specialist in what is called direct carrier billing (DCB), which allows smartphone users to pay for digital content such as games on their mobile phone bill.
The firm allows mobile operators in multiple countries to link with app stores around the world. It works with Google and Samsung.
Future growth is likely to come from a number of areas, says the analyst.
These are firstly expanding the geographical reach and working with increasing numbers of operators.
Secondly, and significantly, as people start to use mobile phones to pay for other services, including physical goods.
"Suddenly it becomes a much broader market, which both the mobile operators and thereby Bango can start to address," said analyst Evans

Bango sees strong 2023 revenue growth supported by DVM and Docomo contribution

Bango PLC (AIM:BGO, OTCQX:BGOPF) CEO Paul Larbey joins Proactive's Stephen Gunnion with details of the company's 2023 financial performance. The company reported revenue growth of 62%, reaching over $46 million. The increase was primarily driven by its innovative Digital Vending Machine (DVM)...

on 23/1/24