Bango wins deal with ‘global tech leader’ for payment platform

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Bango PLC on Thursday said it has signed an agreement with an unnamed ‘leading, multinational technology company’.

Shares in the Cambridge-based mobile commerce company were up 10% to 139.25 pence each in London on Thursday morning.

Under the terms of its latest agreement, the new partner will use the Bango platform to provide carrier billing and bundling services for its app store payments and subscription services, Bango said.

No financial details of the contract were disclosed - though the firm did say it does not expect this agreement to alter its expectations for financial year 2022, but it will continue to review its potential impact in financial year 2023 and onwards.

Bango has also signed deals with McAfee Corp, Microsoft Corp and Amazon.com Inc in the past year.

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