Company Announcements

Bango signs new deal with Movistar Mexico

Source: RNS
RNS Number : 9172A
Bango PLC
28 September 2022

Bango PLC




Movistar Mexico and Bango boost mobile payments in Latin America with Direct Carrier Billing



28 September, 2022 - Bango (AIM: BGO), the global platform for data-driven commerce, announces that Movistar Mexico, a mobile operator and subsidiary of Telefonica, has signed a partnership with Bango to streamline mobile payments through direct carrier billing (also known as DCB), aiming to promote the adoption of digital content and services among its subscribers in Mexico.


Once this integration is completed, Movistar will offer its customers in Mexico the option to purchase digital services such as apps, games, and content using their top-up balance (for prepaid customers) or by placing the charge on their post-paid mobile phone bill, providing a fast, simple, and accessible payment experience to all of its users. The consumption of digital content, particularly video streaming and mobile games, is increasing, and Movistar Mexico is dedicated to facilitating a seamless user experience by simplifying associated transactions.


The Bango payment platform offers digital service providers an optimal channel to collect micropayments for digital products and content, and also offers merchants the opportunity to expand their footprint and reach new customers and users, while generating more revenue.


Through the Direct Carrier Billing performed via the Bango platform, all users will be able to conduct faster and frictionless transactions in the major app stores and consume digital services while providing greater transparency and control over their purchases.


"The use of digital content is proliferating and in Movistar we are committed to facilitate the mobile commerce by simplifying the ecosystem. The use of streaming apps and mobile games is gaining ground, and initiatives such as this one with Bango, will enable us to democratize access to the latest digital services for our customers without them having to worry about lack of access to banks or credit cards", says Alfredo Izquierdo, General Marketing B2C Director at Movistar Mexico.


Cloud-based mobile gaming and video streaming services have grown in importance within the entertainment sector, to the point of becoming part of the daily life of a large part of the world's population. It is now the norm for media lovers across all demographics to access and enjoy content online, whether through online music platforms, live streaming of video game competitions, or other means.


In Mexico, the mobile gaming industry generated revenue of approximately US$1.51B in 2021, it is expected to increase to US$2.41B, while OTT streaming services reached US$1.14B in 2021, predicted to grow to US$1.9B in 2026*.


"Bango is committed to revolutionizing mobile commerce and the related consumer experience. This partnership with Movistar expands our presence in Mexico. The Bango Platform is designed to allow our partners to offer an optimal payment experience to their usersith easy and efficient integration, operator partners can offer the best digital services quickly and reliably. We are delighted to see our relationship with Telefónica grow from strength to strength", says Paul Larbey, CEO of Bango.

*Source: Statista



Contact Details:  


Bango PLC  

Liberum Capital

Tel. +44 1223 617387 


Tel. +44 20 3100 2000


Paul Larbey, CEO

Matt Garner, CFO

Anil Malhotra, CMO 

Rebecca Jamieson, IR

Cameron Duncan

Kate Bannatyne

Will King





Telefónica is one of the largest telecommunications companies in the world in terms of market capitalization and number of customers. Using the best landline, mobile, and broadband networks as a basis, as well as an innovative range of digital services, the company is transforming into a 'Digital Telco,' which places it in a very advantageous position to satisfy the needs of its customers and attract growth in new revenues. It is present in Europe and Latin America, with more than 365 million customers. Telefónica is a wholly private company with 1.5 million direct shareholders and trades on the continuous market of the Spanish Stock exchanges and the London, New York, Lima, and Buenos Aires exchanges.





The world's largest online merchants, including Amazon, Google, and Microsoft, use Bango technology to acquire more paying users.


Bango has developed unique purchase behavior technology that enables millions more users to buy the products and services they want, using innovative payment methods, including carrier billing, digital wallets, and subscription bundling. Bango harnesses this purchase activity into valuable marketing segments called Bango Audiences. Merchants use these audiences to target their marketing at paying customers based on their purchase behavior. Better targeting increases spend through the Bango payments business, in turn generating more data insights, creating a powerful virtuous circle that drives continuous growth. Everyone connected to the Bango Platform thrives as the virtuous circle grows.


Bango, the technology behind every payment choice. For more information, visit




This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.