Bango PLC 9pay wallet for Google Play users in Nigeria (5501W)
15 November 2017 - 7:30PM
UK Regulatory
TIDMBGO
RNS Number : 5501W
Bango PLC
15 November 2017
15 November 2017
BANGO PLC
("Bango")
Bango Platform enables 9pay wallet for Google Play users in
Nigeria
-- Bango enables mobile payments in another mobile subscriber growth market
-- Payments leader activates 9mobile's 9pay wallet for Google Play user's in Nigeria
Bango (AIM: BGO), the mobile payments company, announces that it
has launched operator-billed payments for Google Play users with
9mobile in Nigeria. Through the 9mobile 9pay wallet, customers in
Nigeria can pay for the wealth of media, games, apps and digital
content in Google Play, with one-click, without the need to own a
credit card or bank account.
Nigeria is one of the most mobile-centric countries in the
world. The scale is enormous, with around 150 million subscribers,
a penetration rate of over 80% (GSMA Intelligence, 2017), and more
mobile internet users than any other African country (Business
Insider, 2016). 76% of all online traffic in Nigeria is from mobile
devices (Africa Business Communities, 2016). Smartphone adoption is
growing, particularly Android which accounted for over 60% of the
mobile Operating System (OS) market share in Nigeria in 2016
(StatCounter). With the Google Play store pre-installed on all
Android devices, millions of Nigerian consumers are now able to
participate in the m-commerce experience.
Nigeria is tailor-made for mobile money solutions due to the
combination of a highly unbanked, highly mobile-first population.
Wallets are typically distributed by mobile operators in Africa and
offer consumers a means for making important financial
transactions, including sending and receiving money, paying utility
bills, school fees, wages, topping up air-time and much more. For
many this is their only option, as a result wallets are a highly
adopted payment mechanism.
Adia Sowho, Director of Digital Business at 9mobile commented:
"We are delighted to have added the ability to place the charge for
content and services from Google Play to the 9pay wallet in
Nigeria, in partnership with Bango. This launch is a significant
addition to the value of 9pay wallet for our customers."
"With high Android device penetration and a low banked
population, Africa has become a prime market for transformative
mobile payment solutions. Direct Carrier Billing and stored value
systems such as 9mobile 9pay wallet provide a safe, simple
mechanism for increasing access for millions to digital content and
services", Ray Anderson, Bango CEO commented. "Enabling 9mobile to
launch their 9pay wallet as a payment option in Google Play is an
important milestone for Bango, further increasing our footprint in
Africa and enabling millions more consumers to fully participate in
the digital revolution."
For further information please contact:
Bango plc
+44 3330
Ray Anderson, CEO 770 247
Rachel Elias-Jones, CFO
Anil Malhotra, CMO
Cenkos Securities plc
Beth McKiernan / Neil +44 131
McDonald 220 6939
FTI Consulting
+44 203
Matt Dixon / Rob Mindell 727 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 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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