Business
Bango expands in South Korea
Bango expands in South Korea.
About this update from Bango Plc
[{"type":"text","content":"\n \nRNS Number : 1735V Bango PLC 01 November 2017 \n\nBANGO PLC\n(\"Bango\")\nBango expands in South Korea to support retail and IoT payments\nThis announcement contains inside information\n \nBango (AIM: BGO), the mobile payments company, announces expansion of its presence and business development activity in South Korea to support the growth ambitions of key partners. Through this expansion, Bango will increase payment opportunities for digital, physical and Internet of Things (IoT) services across the region.\n \nTo lead these opportunities, Alex Oh joins Bango as Country Manager, South Korea. Mr Oh brings extensive experience working with major Japanese, Korean and US technology businesses to Bango. His 25 year career includes technical leadership at Samsung, Dilithium Networks and Comverse and most recently in the field of media streaming devices. \n \nEarly in 2016, Bango expanded its presence in Japan to support the activities of partners using Bango technology in strengthening their offering in the Japanese market. In June 2017, Bango successfully deployed a new payment method for Amazon in Japan, enabling the full range of retail goods to be purchased using carrier billing.\n \nKorea shares many characteristics with Japan. Bango has identified similar opportunities for Direct Carrier Billing (DCB) for both digital and physical goods, as well as smart home and other consumer devices. Bango expects that expansion into Korea will be a significant growth opportunity for partners who use the Bango Platform to collect payment for physical goods and IoT services, alongside digital content. \n \nIn the IoT business, Bango has seen encouraging results from trials in North America using the Bango Platform to monetize smart home devices, and Korea is a key market for IoT innovation. The partnership with Danal established in 2016 has already identified several merchant opportunities and is developing well. \n \nAlex Oh, Country Manager, South Korea at Bango commented: \"The Bango Platform is truly differentiated by being capable of powering physical goods sales and capabilities that enable internet connected devices to be monetized. I look forward to expanding the established Bango relationships with Danal and Samsung, along with introducing the Korean mobile operators to the benefits...