Bango PLC (AIM:BGO, OTCQX:BGOPF) has struck a deal with an undisclosed multinational tech company for its payment platform, it said today.
On its website, the payment app and digital marketing company says technology giants such as Amazon, Google and Microsoft use its payment technology.
It latest partner will use its platform to provide carrier billing and bundling services for app store payments and subscription services.
The latest partnership is not expected to impact its financial results for 2022 but could register in 2023, Bango said.
Broker Liberum has recommended Banjo’s shares as a ‘buy’ on a price target of 260p, amid speculation that the new client is Apple.
Its analysts said in a statement published this morning that the revenue opportunity from such an agreement could be “substantial”.
Hargreaves Landsdown guides to buy at 128p and sell at 125p.
Bango's closing share price yesterday was 126.5p.