31 August 2022

Bango Acquires

Global Payments

Division of NTT

DOCOMO

August 2022

© 2022 Bango PLC | bangoinvestor.com

Acquisition and new platform deal

  • Bango has acquired the global payments business of NTT DOCOMO which traded as Docomo Digital

Overview

Rationale

Financials

  • Bango has signed a multi-year platform agreement with NTT DOCOMO for the provision of carrier billing and wallet integration services
    1. NTT DOCOMO is the largest carrier billing operator in the world
  • Accelerates growth by over 2 years
  • Long term agreement with NTT DOCOMO - the worlds largest carrier billing operator
  • Increased scale enhances Bango's position as leading platform for global merchants
  • Delivers increased value for customers, partners and shareholders
  • Complementary merchant and operator customer base
  • Migrated Docomo Digital routes to transact at >95% gross margin
  • $3.5B EUS, $16M revenue
  • Consideration €4M, funded using Bango cash. €3.1M cash remaining in Docomo Digital
  • Synergy savings of $21M per year by 2023
  • Earnings accretive in 2023, materially accretive in 2024

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Accelerating the virtuous circle

More effective

Alternative payment methods are growing the fastest of any e-commerce payment method[1].

By expanding the Bango Payments ecosystem to more

merchants and more telcos, we have brought more users and more transactions to the Bango Platform.

More payment

insights

marketing

Developers &

merchants thrive

More paying

users

  • This increases the pool of payment data available to create insights which Bango uses to grow the revenue of our customers, through purchase behavior targeting.
  • This drives more end user spend, accelerating the growth of Bango and everyone connected to the Platform.

More payments

processed

Payment providers

thrive

[1] DCB/Mobile Wallet market share set to grow 7.2% to 2024 vs credit cards set to lose 2% market share by 2024 (FIS Report)

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What this acquisition brings to Bango

Bango merchants have access to 1.9B more users and telcos have more to offer their customers via the Bango Platform.

Deeper connections into all major app stores

  • Double the number of Google and Amazon routes

New payment partners, adds >60 telcos

  • >30 merchant customers, including additional exposure to physical goods with Shopify
  • Long term strategic partnership with NTT Docomo solidifies Bango position as the leading integrator in Japan

Deepens Bango's presence in >40 countries

Additional payment data to monetize via Bango Audiences in high value markets

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© 2022 Bango PLC | bangoinvestor.com

Complementary customer base

Telcos

Telcos

Merchants

Merchants

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Bango plc published this content on 31 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2022 15:00:05 UTC.