BANGO PLC

Regulatory Filings • May 31, 2018

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RNS Number : 8238P

Bango PLC

31 May 2018

31 May 2018

Bango ensures broader payments services in Europe

FCA license ensures Bango supports comprehensive payments services in Europe

Cambridge UK, 31 May 2018. Bango (AIM: BGO), the mobile commerce company, announces that it has extended its Financial Conduct Authority (FCA) license as an approved payment provider. The FCA license ensures the conditions for Bango partners to offer alternative payments more comprehensively, for all types of goods across Europe.

The latest European Payment Services Directive (PSD2) underpins a well-regulated payments ecosystem to stimulate the next wave of online services. Today's announcement demonstrates the strong position Bango has in payments, and its commitment to supporting payments diversity and choice, while maintaining first class standards in compliance.

Bango has established a global market leadership position in alternative payments. Using the Bango Platform, merchants can collect online payments for digital goods and services, as well as physical goods, that reach billions of internet users worldwide. These payment methods include carrier billing, mobile wallets, as well as emerging electronic currencies.  

Thousands of digital merchants benefit from Bango technology when customers pay for their products through online stores, such as the Google Play store for Android smartphones and other connected devices, and Microsoft Store for Xbox and PC. Amazon uses the Bango Platform to extend customer payment choice for retail goods and services in Japan, and to offer the Prime subscription service in India.

Media contact

Anil Malhotra, CMO

anil@bango.com

Tel: +44 7710 480 377

About Bango

Bango is the payment platform chosen by the world's most influential companies to grow their sales faster in the new age of connected commerce. Working with global stores including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT). Bango has become the industry standard, helping people make payments quickly and conveniently. Through its partnerships and reach, Bango offers unique insights derived from pooled data and shared knowledge. Bango gives businesses unrivalled visibility into their markets and customers, increasing sales and customer acquisition. Built to scale, the Bango Platform supports the exponential growth ambitions of its global partners. For more information, visit www.bango.com.

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