Bango confident over prospects as end user numbers climb
- Bango signs agreement with US telecommunications giant Verizon
- Bango delivers strong rise in first-half revenue as online spending surges
Quick facts: Bango PLC
Price: 195 GBX
Market Cap: £147.98 m
About the company
Bango PLC combines online payments with data insights that enable customers to grow their businesses faster than is otherwise possible.
Amazon, Google, Microsoft and Softbank are now using Bango technology to drive their businesses forward.
With global partnerships and unique technology powering future growth, the best is yet to come.
How it is doing
Bango PLC (AIM:BGO) has announced the name of the "Tier 1" North American telecommunications company it recently signed a deal with.
The platform for data-driven commerce said it is US telecommunications giant Verizon Communications Inc. (NYSE:VZ) and it obtained the contract after a competitive bid process.
Verizon will deliver all its third-party subscription offers through the Bango Platform.
This kind of partnership allows hundreds of millions of online customers to receive offers for products including Amazon Prime, Prime Video, Netflix, BritBox, Spotify, Pandora Radio, Xbox Game Pass, YouTube TV, all through the Bango Platform.
End-user spend, the key measure for transactions on the platform, jumped to £1.3bn from £743mln in the six months to end June, 2021, with Bango’s own revenues rising to £7.1mln from £4.8mln.
What management says
Larbey telling Proactive that Bango delivered another period of strong growth as activity through its payment platform continued to rise strongly. The company finished the period ahead of its plan as volumes grew across all payment methods, including carrier billing and mobile wallets.
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...
In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...FOR OUR FULL DISCLAIMER CLICK HERE