logo-loader
viewBango PLC

Bango PLC - Launch of SoftBank payment option for Amazon.co.jp

RNS Number : 9347P
Bango PLC
15 June 2020
 

June 15 2020

 

 

  

BANGO PLC  

("Bango") 

  

Bango launches SoftBank payment option for Amazon.co.jp

 

·      SoftBank customers can use carrier billing to purchase retail goods on Amazon.co.jp

·      Bango now powers carrier billing for Amazon customers in Japan across big three mobile operators

 

Cambridge, UK, 15 June 2020 - Bango (AIM: BGO), the mobile commerce company, announces that it has enabled carrier billing for mobile operator SoftBank Corp. (TSE : SOBKY), on Amazon.co.jp. Amazon (NASDAQ : AMZN) customers with a SoftBank mobile phone account can now pay for goods, membership fees and subscription services, and charge the cost to their mobile phone bill.

To use this payment option, a SoftBank subscriber simply adds carrier billing as a payment option in their Amazon.co.jp account and then purchases can be made from any device, with the cost charged to their phone bill.

Bango now powers carrier billing for Amazon.co.jp across Japan's three largest operators, adding SoftBank in addition to NTT Docomo and KDDI. With 177M subscriptions (source: Statista 2020) across a population of 130M (source: World Bank), Japan is one of the most highly penetrated mobile markets in the world.

Carrier billing enables customers to make purchases instantly, without the need to enter their card details online. It is a highly effective way to acquire, monetize and engage customers. Bango technology ensures payment reliability, security and customer success.

"Bango technology has ensured that our customers can enjoy a simple and successful way to buy on Amazon.co.jp" said Toshiaki Hirata, Board Director, Senior Vice President & CSO, SB Payment Service Corp., a subsidiary of SoftBank Corp. "We look forward to benefiting from Bango data insights to accelerate the growth of our new business".

"Japan's high spending population leads the world in mobile commerce. Charging the cost of goods to the phone bill is a widely adopted payment method, with billions of dollars in online purchases charged to Japanese phone bills," said Paul Larbey, Bango CEO. "The Bango Platform meets the challenge of delivering carrier billing at scale, ensuring global retailers can provide customers with the convenience and security they want from a payment method".

 

ENDS

 

Contact Details:  

  

Bango PLC  

FTI Consulting 

finnCap 

Tel. +44 333 077 0247 

  

Tel. +44 203 727 1000 

Tel. +44 207 200 0500 

  

Ray Anderson, Exec Chair 

Rob Mindell 

Marc Milmo 

Paul Larbey, CEO

Carolyn Rand, CFO 

Anil Malhotra, CMO 

Darius Alexander

Leah Dudley 

James Thompson 

Matthew Radley 

  

  

  

About Bango 

  

App developers, stores and payment providers cross the threshold into the Bango ecosystem to converge, grow and thrive. By bringing businesses together and powering e-commerce with unique data-driven insights, Bango delivers new business opportunities and new dimensions of growth for customers around the world. Being inside the Bango circle means global merchants including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) can work together with payment partners from Africa to the Americas, accelerating the performance of everyone on the inside.

 

Bango. Think inside the circle. For more information, visit www.bango.com

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCEASKSFLPEEEA

Quick facts: Bango PLC

Price: 151.5

Market: LSE
Market Cap: £112.73 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Market Report: FTSE 100 slides on slow economic recovery expectations

FTSE 100 slid almost 40 points to 6,131 as latest economic data highlighted the UK’s economic recovery from COVID-19 will be slow. Asian and US markets also retreated overnight. Britain’s GDP rose 1.8% in May, far less than hoped for by those predicting a V-shaped recovery. Housebuilding and...

3 weeks, 6 days ago