Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Bango Rolls Out Facebook Integration

LONDON -- Shares in Bango  (LSE: BGO.L  ) were up 5% this morning at the time of writing, to 173 pence from a closing price of 165 pence, after announcing the roll-out of its mobile payment link-up with Facebook  (Nasdaq: FB  ) .

Bango is providing Facebook mobile web carrier billing in the U.K., Germany, and the U.S., with expansion to other countries throughout the remainder of 2012. In its update this morning, Bango described its service as allowing "web users to easily purchase digital content without the use of premium SMS messages or the limitations of credit cards."

The company reported that conventional operator billing is expected to achieve around a 40% conversion rate, while billing with the Bango payment platform delivers an average conversion rate of 77%.

Ray Anderson, Bango CEO, commented: 

We are delighted to bring Bango's payment experience to Facebook. As the mobile web experience has matured and improved, consumers are increasingly keen to purchase digital goods on mobile devices. By ensuring a frictionless payment experience, Bango technology is unlocking the business potential of the mobile web.

The mobile web payment area is a growing sector and Bango is a leader, with existing app store connections to BlackBerry App World and Opera Mobile Store, as well as operator-led connections to Google Play. The company has also announced an agreement to provide payment services to Amazon and has become a technology partner for MasterCard's PayPass mobile wallet.

Today's news has helped Bango's shares rally from a low of 53 pence seen late last year, and some smart investors have thus enjoyed a superb 226% gain within 12 months.

If you are keen to earn such handsome profits from shares, this free Motley Fool report -- "10 Steps To Making A Million In The Market" -- can help you on your way. 

The report explains how tracking down small, dynamic companies -- such as AIM-listed Bango -- is a vital step on the path to the magic million milestone. You never know, the next Bango could be out there right now, ready to transform your wealth.

Investing is by no means easy in today's uncertain economy. That's why we've published "The Market's Top Sectors" -- our guide to three favorable industries. This free report will be dispatched immediately to your inbox.

Further Motley Fool investment opportunities:

Sam Robson does not own shares in any of the companies mentioned. The Motley Fool owns shares of Facebook, Google, and Motley Fool newsletter services have recommended buying shares of, Facebook, and Google. The Motley Fool has a disclosure policy.
We Fools may not all hold the same opinions, but we all believe that
considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2029245, ~/Articles/ArticleHandler.aspx, 10/25/2016 3:28:21 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,167.56 -55.47 -0.30%
S&P 500 2,142.72 -8.61 -0.40%
NASD 5,279.73 -30.10 -0.57%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/25/2016 3:12 PM
FB $132.34 Down -0.94 -0.71%
Facebook CAPS Rating: ***