Stock Market News
Bango extends its FCA licence
Mobile commerce company Bango has extended its Financial Conduct Authority license as an approved payment provider, it announced on Thursday.
The AIM-traded firm said the FCA license would ensure conditions for Bango partners to offer alternative payments more comprehensively, for all types of goods across Europe.
It said the latest European Payment Services Directive underpinned a well-regulated payments ecosystem to stimulate the "next wave" of online services.
"Today's announcement demonstrates the strong position Bango has in payments, and its commitment to supporting payments diversity and choice, while maintaining first class standards in compliance," the board explained in its statement.
"Bango has established a global market leadership position in alternative payments.
"Using the Bango Platform, merchants can collect online payments for digital goods and services, as well as physical goods, that reach billions of internet users worldwide."
Bango said those payment methods included carrier billing, mobile wallets, as well as emerging electronic currencies.
"Thousands of digital merchants benefit from Bango technology when customers pay for their products through online stores, such as the Google Play store for Android smartphones and other connected devices, and Microsoft Store for Xbox and PC.
"Amazon uses the Bango Platform to extend customer payment choice for retail goods and services in Japan, and to offer the Prime subscription service in India."
The AIM-traded firm said the FCA license would ensure conditions for Bango partners to offer alternative payments more comprehensively, for all types of goods across Europe.
It said the latest European Payment Services Directive underpinned a well-regulated payments ecosystem to stimulate the "next wave" of online services.
"Today's announcement demonstrates the strong position Bango has in payments, and its commitment to supporting payments diversity and choice, while maintaining first class standards in compliance," the board explained in its statement.
"Bango has established a global market leadership position in alternative payments.
"Using the Bango Platform, merchants can collect online payments for digital goods and services, as well as physical goods, that reach billions of internet users worldwide."
Bango said those payment methods included carrier billing, mobile wallets, as well as emerging electronic currencies.
"Thousands of digital merchants benefit from Bango technology when customers pay for their products through online stores, such as the Google Play store for Android smartphones and other connected devices, and Microsoft Store for Xbox and PC.
"Amazon uses the Bango Platform to extend customer payment choice for retail goods and services in Japan, and to offer the Prime subscription service in India."
Related share prices |
---|
Bango (BGO) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price