Company Announcements

Bango signs new Digital Vending Machine deal

Source: RNS
RNS Number : 9186P
Bango PLC
15 February 2023
 

Bango PLC

("Bango")

Bango signs new Digital Vending Machine deal with Employee Benefits Provider

 

Cambridge, UK, 15 February 2023 - Bango (AIM: BGO), the global platform for data-driven commerce, announces a new Digital Vending Machine deal with Benefit One Inc., the leading Japanese employee benefits platform.

What this brings to Bango:

·   

Expands the Bango Digital Vending Machine to a new vertical beyond telco

·   

Onboards a new customer to the Bango Platform that enables Bango merchant partners to reach new customers in Japan

·   

Generates additional Annual Recurring Revenue

 

From April 2023, employers in Japan that use the Benefit One employee benefits and incentives system will be able to offer subscription services to their employees. By taking up these bundled offers, employees can receive a discount on the standard monthly cost of the service.

Bango Digital Vending Machine technology enables a wide range of subscriptions to be offered to consumers, significantly reducing development time and effort. For Benefit One, this enables the quick and easy addition of new member benefits.

"We're excited to work with Benefit One to add the latest and greatest subscription services to their range of member benefits. Bango technology takes away the complexity and makes it as easy as possible to get to market fast with the products and services members really want." Andy Suzuki, SVP SPAC at Bango

 

 

Contact Details:  

  

Bango PLC  

Liberum Capital

 

Tel. +44 1223 617387 

E. investors@bango.com 

Tel. +44 20 3100 2000

  





Paul Larbey, CEO

Matt Garner, CFO

Anil Malhotra, CMO 

Rebecca Jamieson, IR

Edd Mansfield

Kate Bannatyne

Will King

 


  

About Bango

 

The world's largest online merchants, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT), 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 methods of payment 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 www.bangoinvestor.com

 

 

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 rns@lseg.com or visit www.rns.com.

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.
 
END
 
 
NRASFAFMLEDSEDE