|[November 09, 2017]
Bango Secures Victory Opening-up Egypt for App Store Carrier Billing
Bango (News - Alert) (AIM: BGO), the leading mobile payments company, announces
expansion of its operations in Africa through a partnership with Victory
Link in Egypt. As a result of the relationship, Bango app store and
merchant partners can launch carrier billing across all three Egyptian
Egypt has 90 million plus connected mobile devices and a SIM penetration
of over 100%, of which 89% are pre-paid users (GSMA Intelligence, 2017).
Android is the Operating System (OS) of choice, claiming over 85% of the
mobile base (StatCounter (News - Alert), 2017). This sizeable market is now available
for Bango app store partners to further expand their carrier billing
coverage into the Middle East and North Africa (MENA).
Bango now offers one-click carrier billing in compliance with local
market regulations, enabling millions of consumers in Egypt to buy from
their favorite app stores, charging the cost to their pre or post-paid
mobile phone bill. For the first time, Egyptian operators can use
carrier billing in app stores, enabled by the Bango Platform.
Engy ElSabban, CEO at Vitory Link commented: "This
partnership gives Egyptian consumers an inclusive payment method to
access the full range of content and services available from the world's
leading online stores and merchants, who have standardized on the Bango
Platform to offer payment on a global scale."
Ray Anderson, CEO at Bango commented: "The Bango Platform is
used by the world's leading online stores and merchants to offer
alternate payments to their customers worldwide. This relationship with
Victory Link means Bango can support its app store partners growth
ambitions, opening-up more market first territories to expand their
carrier billing footprint."
The names of companies and products mentioned herein are trademarks
of their respective owners.
Bango is the standard platform chosen by leading global stores to
deliver mobile payments to everyone. As the next billion consumers adopt
their first smartphone and look for universal payment methods, Bango
will be there to unlock the world of apps, video, music, games and other
content that brings those smartphones to life. Global stores plugging
into the Bango Platform include Amazon (NASDAQ: AMZN), Google (News - Alert) (NASDAQ:
GOOG), Samsung (005930: Korea SE) and Microsoft (NASDAQ: MSFT). Bango
also partners with leading payment providers around the world to drive
new users and revenues through its industry-leading mobile payment
solutions. For more information, visit www.bango.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171109005589/en/
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