Bango confident over prospects as end user numbers climb

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  • Apple climbdown on App Store payments should benefit Bango
  • Bango: Building on strong foundations laid in 2020, sustaining high growth in first half of 2021
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Quick facts: Bango PLC

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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.

27 Aug 2021

(, ) said concessions made by (), announced last night, will prove beneficial to Bango and its customers.

Apple said it will now allow software developers selling through Apple’s app store to use alternative ways to bill customers.

A developer can now charge users for in-app purchases by credit card, bank transfer, wallet, carrier billing or any other alternative payment method reducing or eliminating App Store commission, Bango told investors.

From Bango’s point of view, this gives app developers the chance to use the Bango payment platform; previously, developers would have been forced to have used Apple’s own payments system and pay the US tech giant a commission.

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15 Jul 2021

() said revenue jumped 49% in the first half of 2021 as end user spending increased across its payments platform, thanks in part to its partnerships with Microsoft and Amazon.

In a trading update, Bango said revenue amounted to GBP7.1mln in the six months ended June 30, up from GBP4.8mln in the same period of last year. End user spend rose to GBP1.3bn, up from GBP700mln a year ago.

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24 Jun 2021

() announced its payment system has expanded the availability of an Xbox Game Pass telecoms bundle into the Netherlands.

This means people in the country will now be offered Game Pass Unlimited subscriptions when they pay for broadband and other telecoms services, the AIM-listed company said.

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16 Jul 2021

‘s () Paul Larbey joins Proactive to discuss their latest trading update, with revenue jumping 49% in the first half of 2021 amounting to GBP7.1mln in the six months ended June 30, up from GBP4.8mln in the same period of last year.

Larbey says they are building on the strong foundations laid in 2020, sustaining high growth in the first half of 2021.

He goes on to discuss the continuation of activity even as lockdowns ease as well as updating investors on the Xbox launch, additional Amazon services with four new payment providers, Bango Marketplace and the impact of changes with 3rd party cookies.

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Bango: Building on strong foundations laid in 2020, sustaining high growth…

Bango PLC’s (LON:BGO) Paul Larbey joins Proactive to discuss their latest trading update, with revenue jumping 49% in the first half of 2021 amounting to GBP7.1mln in the six months ended June 30, up from GBP4.8mln in the same period of last year.

Larbey says they are building on the strong…

on 16/7/21

3 min read

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