logo-loader
viewBango PLC

Bango ensures broader payments services in Europe

The AIM-listed firm said the Financial Conduct Authority licence ensures the conditions for its partners to offer alternative payments more comprehensively, for all types of goods across Europe

amazon shopping app and website
Amazon uses the Bango Platform to extend customer payment choice for retail goods and services in Japan

Bango plc (LON:BGO) has announced it has extended its Financial Conduct Authority (FCA) licence as an approved payment provider, ensuring broader payments services in Europe.

The AIM-listed firm said the FCA licence ensures the conditions for its partners to offer alternative payments more comprehensively, for all types of goods across Europe.

READ: Bango on course to double end user-spend (again) in 2018

Bango said the latest European Payment Services Directive (PSD2) underpins a well-regulated payments ecosystem to stimulate the next wave of online services.

The mobile commerce company said: “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 said it has established a global market leadership position in alternative payments.

“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,” the company said. 

"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," Bango added.

In late morning trading, Bango's shares rose 2.6% to 174.50p.

Quick facts: Bango PLC

Price: 139 GBX

LSE:BGO
Market: LSE
Market Cap: £98.16 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bango PLC named herein, including the promotion by the Company of Bango PLC in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Bango platform sees end-user spend double for third year running

Bango plc's (LON:BGO) Ray Anderson tells Proactive that end-user spending on the company's mobile payments platform has doubled for the third year running. He also says 2017 has seen several international growth deals such as the launch of carrier billing in Japan in partnership with...

on 15/3/18

2 min read