Bango jumps on Google mobile progress

5th Nov 2013 12:56

Shares in Bango regained momentum on news of increased end-user spending and progress integrating its mobile payment technology with Google's app store. The stage-by-stage roll-out with Google has seen two mobile networks in Canada integrate Bango's technology with Google Play for launch in coming months, and the AIM-listed outfit pledged further operators would be added in the coming year.The company, which has opened an office in Singapore to support a push on Asia, said end user spending growth had continued from the second into the third quarter, with October data also showing a "continuing upward trend". Allaying concerns around its reliance on the beleaguered Blackberry, Bango said Blackberry App World provided an increasing contribution to gross profit but is being overtaken by spending in other app stores which it expected to be the primary driver of growth in 2014.Management were very bullish on outlook for the coming year, with gains expected from further Google Play integrations and the first wave of Facebook games based on HTML5 online technology. Shares in Bango were up 18% to 152.5p at 13:20 on Tuesday. OH