Bango is proud to sponsor MEF Connects Indonesia. The event takes place on Tuesday 20th January, 7pm, at the Ritz-Carlton, Jakarta. The event will bring together industry thought leaders for an evening of networking in one of the world’s fastest growing mobile markets. Continue reading
Bango has recently agreed a strategic partnership with CardMobili, the leading provider of advanced digital wallet technologies.
We will be working together to develop a series of innovative mobile commerce solutions for Mobile Network Operators (MNOs). These include bringing carrier billing to the retail environment for the first time, and a unique new proposition that unites the digital app world with physical shopping. A key focus is to enable MNOs to leverage their large subscriber base and existing billing relationships to open up new revenue streams. Continue reading
What is the place of Mobile Network Operators (MNOs) in the mobile payment space? It’s a question that’s been asked over many years, as challengers have emerged from Silicon Valley, disrupting the operator’s traditional revenue streams, and competing to develop next-generation mobile payment technologies, including NFC, digital wallets and more.
Several developments in the last few weeks have seen this question come back to the fore. From the launch of Apple Pay, to the growing pains faced by Isis/Softcard, MNO-led models to widen the mobile payment market are under serious pressure. It’s a good time therefore to recall that Direct Carrier Billing, frictionless charge-to-bill payment, is not just a rare ace card for MNOs, but is in fact underpinning huge growth in digital content sales, and driving the global app economy to new heights. Continue reading
We recently completed an upgrade of the Bango Payment Platform. The results are:
- Connection speed from our platform to mobile operators and app stores is 35% faster, reducing the time to process all payments even more
- A 30% reduction on the average time to authorize payments, using the latest equipment to super charge the whole system
- The platform can handle a 20x increase in payment traffic, allowing greater scale without disruption
With app market revenue alone estimated to hit $77 billion by 2017 according to Gartner, Bango is investing ahead to support our customers.
This is another reason why we’re chosen by more major app stores than any other payments provider.
Download our latest newsletter for app stores and discover how the Bango Platform makes operator billed payments as simple for app stores to offer as credit card payments.
In the year to June 2014, app stores sold $18BN of games, music, movies, books and a vast range of other applications. Sales for 2014 will grow to exceed $23BN, and there are strong signs that this pace of growth will continue over the next 5 years. Continue reading
Bango does not currently provide its Direct Carrier Billing service in China, where regulation requires the Chinese operators to tightly control how customers are allowed to pay for mobile services on their phone bills. This includes the requirement for users to continually verify payments through SMS confirmation, a process which is incompatible with app store checkout flows.
China has a huge subscriber base distributed across three main operators. The billing systems aggregate multiple regional network systems, which means that it is not possible to operate an “order to cash” system, where there is certainty of settlement. Speed of settlement is also slower than many global companies are used to, and bad debt is comparatively high. The cumulative costs of charging to mobile phone bills is therefore much more expensive than headline payout rates (which are currently low by international standards).
The Chinese market is almost entirely served by local Chinese content and billing providers. A very few non-Chinese companies have some PSMS connectivity on the back of local Chinese aggregators. It is very hard for non-Chinese companies to be licensed to operate payments businesses and settling funds outside of China is expensive and time-consuming.
Today Bango is focused on Chinese partners who are working globally, such as Huawei and on developers who want to sell their products to an international audience. In time Chinese operators may offer more favorable carrier billing terms and technology for global app stores, which will provide opportunity for Bango to offer Direct Carrier Billing.