RCS - Bango PLC - Bango signs new Digital Vending Machine deal

BangoAnnouncement

15/02/2023 07:16

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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       Tel. +44 20 3100 2000

 E. investors@bango.com

 Paul Larbey, CEO           Edd Mansfield

 Matt Garner, CFO           Kate Bannatyne

 Anil Malhotra, CMO         Will King

 Rebecca Jamieson, IR

 

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 (http://www.bangoinvestor.com/)

 

 

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