Bango, a FinTech based in Cambridge, has just purchased a Japanese payments business.
In Brief:
Japanese mobile phone network operator NTT DOCOMO has sold its payments business.
Bango has acquired the global payments arm for £3.4mn.
It’s also inked a deal with NTT DOCOMO to provide payments services in Japan.
What does this mean?
Bango is a FinTech that helps companies acquire more paying users, and it has now purchased DOCOMO’s payment services which work with app stores around the world.