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Bango partners with Netflix in Mexico

Bango continues to focus on growing end-user spend through its platform, to capitalise on the rapidly expanding global market for digital content, goods and services.

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Enabled by Bango, carrier billed payment is initially available to over 12mln subscribers in Mexico on any platform, including Android, Apple and Microsoft devices

Bango plc (LON:BGO), the mobile payments company, has partnered with Netflix to launch carrier billing for Netflix subscriptions in Mexico.

Customers who sign up to Netflix, the media streaming giant, can now charge the monthly subscription cost to their pre- or post-paid mobile phone bill, Bango said.

WATCH: Bango extends platform to Amazon Prime and Amazon Student in Japan

Enabled by Bango, carrier billed payment is initially available to over 12mln subscribers in Mexico on any platform, including Android, Apple and Microsoft devices.

"Carrier billing adds many new customers to merchant services,” observed Ray Anderson, the chief executive officer of Bango.

“After doubling the end-user spend run rate for the third consecutive year, this is a great way to start 2018," he added.

The company said trading in 2017 was in line with expectations; total end-user spend (EUS) for 2017 was £271mln, more than double 2016’s £132mln.

READ: Bango enables 9pay wallet for Google Play users in Nigeria

The exit EUS run rate at the end of 2017 exceeded £400mln a year, which once again was more than double compared to the exit run rate at the end of the preceding year.

Bango had cash of £4.8mln at the end of 2017, down from £5.7mln a year earlier.

 

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Price: 137.5 GBX

LSE:BGO
Market: LSE
Market Cap: £97.11 m
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Full interview: Bango PLC reports strong performance across the business in 2019

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