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Bango sees high growth in emerging markets

By BFN News | 07:32 AM | Thursday 15 October, 2015


Mobile payments company Bango says end user spend in emerging markets ahead of its prior expectations. Entering Q4 2015, end user spend through the Bango platform has grown to an annualised rate exceeding £60m (USD $92m), 98% higher than the equivalent rate 12 months earlier. During 2014 and 2015, Bango launched a number of direct carrier billing connections in emerging markets for app store partners, including for the BlackBerry World and BlackBerry Messenger stores, and for the Windows Phone Store. With further billing routes activated in 2015, including the launch of direct carrier billing via Google Play in Mexico and South Africa, these new emerging markets are now materially contributing to end user spend on app store content via the Bango platform and will be a greater contributor to 2016 performance than previously expected. Story provided by StockMarketWire.com

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