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Bango up 15% after extension of its Microsoft deal

Chief executive Ray Anderson told investors: “We have enjoyed our collaboration with Microsoft for the Windows Store, so it is a major milestone that Microsoft is now adopting this payment method across Windows 10."
Bango up 15% after extension of its Microsoft deal
Windows 10 will provide a news source of revenue for Bango.

Bango (LON:BGO) shares shot up 15% in early trade after the mobile payments specialist said its agreement with Microsoft (yes, Microsoft) has been expanded to include Windows 10 devices.

Chief executive Ray Anderson told investors: “We have enjoyed our collaboration with Microsoft for the Windows Store, so it is a major milestone that Microsoft is now adopting this payment method across Windows 10.

“Operators using the Bango Payment Platform will get to market quickly and can then use Bango technology to maximize their Windows 10 revenue."

The stock, which has provided something of a roller coaster ride for investors in the past year, is currently changing hands for just over 118p, valuing the business at £75mln.

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November 11 2015
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