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Published on 15 Dec 2016
It's
a great time for investors to take a look at mobile payments firm Bango PLC (LON:BGO), reckons analyst Gareth Evans from Progressive Equity
Research.
The group is a specialist in what is called direct carrier billing (DCB), which allows smartphone users to pay for digital content such as games on their mobile phone bill.
The firm allows mobile operators in multiple countries to link with app stores around the world. It works with Google and Samsung.
Future growth is likely to come from a number of areas, says the analyst.
These are firstly expanding the geographical reach and working with increasing numbers of operators.
Secondly, and significantly, as people start to use mobile phones to pay for other services, including physical goods.
"Suddenly it becomes a much broader market, which both the mobile operators and thereby Bango can start to address," said analyst Evans
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