BANGO PLC

Regulatory Filings • Nov 15, 2017

National Storage Mechanism | Additional information

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RNS Number : 5501W

Bango PLC

15 November 2017

15 November 2017

BANGO PLC 

("Bango") 

Bango Platform enables 9pay wallet for Google Play users in Nigeria

·   Bango enables mobile payments in another mobile subscriber growth market

·   Payments leader activates 9mobile's 9pay wallet for Google Play user's in Nigeria

Bango (AIM: BGO), the mobile payments company, announces that it has launched operator-billed payments for Google Play users with 9mobile in Nigeria. Through the 9mobile 9pay wallet, customers in Nigeria can pay for the wealth of media, games, apps and digital content in Google Play, with one-click, without the need to own a credit card or bank account.

Nigeria is one of the most mobile-centric countries in the world. The scale is enormous, with around 150 million subscribers, a penetration rate of over 80% (GSMA Intelligence, 2017), and more mobile internet users than any other African country (Business Insider, 2016). 76% of all online traffic in Nigeria is from mobile devices (Africa Business Communities, 2016). Smartphone adoption is growing, particularly Android which accounted for over 60% of the mobile Operating System (OS) market share in Nigeria in 2016 (StatCounter). With the Google Play store pre-installed on all Android devices, millions of Nigerian consumers are now able to participate in the m-commerce experience.

Nigeria is tailor-made for mobile money solutions due to the combination of a highly unbanked, highly mobile-first population. Wallets are typically distributed by mobile operators in Africa and offer consumers a means for making important financial transactions, including sending and receiving money, paying utility bills, school fees, wages, topping up air-time and much more. For many this is their only option, as a result wallets are a highly adopted payment mechanism.

Adia Sowho, Director of Digital Business at 9mobile commented: "We are delighted to have added the ability to place the charge for content and services from Google Play to the 9pay wallet in Nigeria, in partnership with Bango. This launch is a significant addition to the value of 9pay wallet for our customers."

"With high Android device penetration and a low banked population, Africa has become a prime market for transformative mobile payment solutions. Direct Carrier Billing and stored value systems such as 9mobile 9pay wallet provide a safe, simple mechanism for increasing access for millions to digital content and services", Ray Anderson, Bango CEO commented. "Enabling 9mobile to launch their 9pay wallet as a payment option in Google Play is an important milestone for Bango, further increasing our footprint in Africa and enabling millions more consumers to fully participate in the digital revolution."

For further information please contact:

Bango plc
Ray Anderson, CEO	+44 3330 770 247
Rachel Elias-Jones, CFO
Anil Malhotra, CMO
Cenkos Securities plc
Beth McKiernan / Neil McDonald	+44 131 220 6939
FTI Consulting
Matt Dixon / Rob Mindell	+44 203 727 1000

About Bango

Bango is the standard platform chosen by leading global stores to deliver mobile payments to everyone. As the next billion consumers adopt their first smartphone and look for universal payment methods, Bango will be there to unlock the world of apps, video, music, games and other content that brings those smartphones to life. Global stores plugging into the Bango Platform include Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG), Samsung (005930: Korea SE) and Microsoft (NASDAQ: MSFT). Bango also partners with leading payment providers around the world to drive new users and revenues through its industry-leading mobile payment solutions. For more information, visit www.bango.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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