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Bango PLC - Cambridge-based mobile commerce company - Signs a deal with Movistar Mexico, a subsidiary of Spanish telecommunications firm Telefonica SA, to streamline mobile payments through direct carrier billing in Latin America. The deal is for an undisclosed sum. Bango says the partnership with the mobile operator aims to promote the adoption of digital content and services among subscribers in Mexico, as the consumption of digital content, particularly video streaming and mobile games, is increasing. Last year in Mexico, the mobile gaming industry generated revenue of about $1.51 billion.
Chief Executive Officer Paul Larbey says: ‘Bango is committed to revolutionizing mobile commerce and the related consumer experience. This partnership with Movistar expands our presence in Mexico. The Bango platform is designed to allow our partners to offer an optimal payment experience to their users with easy and efficient integration, operator partners can offer the best digital services quickly and reliably.’
Bango adds that all users will be able to conduct ‘faster and frictionless transactions in the major app stores and consume digital services’ through direct carrier billing performed via the Bango platform.
Current stock price: 185.00 pence, down 6.3%
12-month change: down 7.5%
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