Bango Secures Victory Opening-up Egypt for App Store Carrier Billing

Bango (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 mobile operators.

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, 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 Victory 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.”

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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.

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