Bango extends its FCA licence

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.”