Bango eyes tie-up with Danal for expansion in Asia

[THE INVESTOR] South Korean mobile payment provider Danal is set to boost its partnership with Bango, a US-based mobile payments firm, in a bid to strengthen their foothold in the global markets, the Seoul-based company said Aug. 9. 

Ray Anderson, chief executive officer of Bango which provides tech to enable consumers to charge app store purchases directly to their phone bill, and other key officials will hold a meeting with counterparts at Danal on Aug. 11 during their visit to Korea.

“Bango’s visit is aimed at tapping into Asia’s payment markets and expansion of its global business while discussing new joint projects with us,” an official at Danal said.

The meeting comes after Bango acquired the US-based carrier billing service BilltoMobile from Danal in a deal worth US$3.5 million in May.

By Park Han-na (hnpark@heraldcorp.com)