Bango (LSE:BGO)

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RNS Number : 8087B

Bango PLC

15 January 2018

15 January 2018

BANGO PLC

("Bango")

Bango launches resale technology with Amazon in India

Delivering Amazon Prime memberships to customers through Airtel

Bango (AIM: BGO), the mobile payments company, announces that it has expanded the use of its platform to provide resale and bundling technology to Amazon, enabling customers to sign-up to Amazon Prime in India through resellers that offer product bundles.

India's largest mobile network operator, Bharti Airtel, is the first to make Amazon Prime available as part of a bundled package offered to its customers. Eligible customers can activate the offer through the Airtel TV app, entitling them to enjoy the benefits of a free one-year Amazon Prime membership.

The Bango Platform ensures that the moment the customer accepts the service it becomes active and they receive uninterrupted access for as long as they continue to subscribe. This launch represents a new application of the Bango Platform to enable reselling at scale.

"Bango partners have identified another way to meet customer needs for instant, uninterrupted access to the best content and services. Bundles and resale are a natural business model extension for merchants wanting to increase customer reach", commented Ray Anderson, CEO, Bango. "This launch highlights the versatility of the Bango Platform and strength of relationships that have seen Bango take partners into new territories, for new types of goods and services, through one, standard platform."

This launch follows the successful launch of Direct Carrier Billing (DCB) for Amazon retail customers in Japan (June 2017), which then expanded to customers of Amazon Prime and Prime Student membership programmes (November 2017).

For further information please contact:

Bango plc +44 3330 770 Ray Anderson, CEO 247 Rachel Elias-Jones, CFO Anil Malhotra, CMO Cenkos Securities plc +44 131 220 Beth McKiernan / Neil McDonald 6939 FTI Consulting +44 203 727 Matt Dixon / Rob Mindell 1000

About Bango

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 Payment Platform include Amazon (NASDAQ: AMZN), Google (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.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 15, 2018 02:00 ET (07:00 GMT)