Bango recently gathered leading players in the mobile payments industry to discuss enabling the next 5 billion to access content through ‘The Third Wave’ of payment methods. The Bango Alternative Payments Nexus was an invite-only, one off event held at The Bloomberg HQ, London. As a sneak-peak into this behind-closed-doors event, here is a selection of interesting learnings from the keynote speakers. Check out the full blog with exclusive insights, quotes and industry leading discussions: https://news.bango.com/2016/10/25/things-we-learned-at-the-bango-alternative-payments-nexus/ See the full teaser for the Bango Alternative Payments Nexus here: https://www.youtube.com/watch?v=yk9jVMEUCrM Follow Bango on twitter: @bangodotcom Contact sales@bango.com for more information

1. © 2016 Bango plc
bango.com
Things we learned at the Bango Alternative Payments
Nexus

2. Bango was joined by key players in alternative payments:
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3. “Growth in payment card adoption is too slow”
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• Windsor Holden at Juniper Research kicked off stating that there is over 2.5 billion unbanked
adults worldwide, with over 80 countries having an unbanked population in excess of 50%.
• In Latin America, Central and East Europe and Rest of Asia Pacific, smartphone penetration is
already well in excess of 100%. The payment card market is not progressing fast enough to
meet the needs of these consumers.
• In developing markets, debit and credit card ownership is often extremely low. Even in rapidly
advancing economies like India or Indonesia, there will not be enough growth in card
payments to serve the mobile market.

4. Prepare for the third wave
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1 2 3

5. Operators cannot make DCB commercially viable in every
market
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• The adoption of mobile wallets has been strong in LATAM, driven by operators who cannot
make pre-paid Direct Carrier Billing (DCB) commercially viable. DCB and credit cards are
available in Brazil, but are not used for online purchases due to regulatory issues, taxation,
and do not meet user needs.
• Where this is the case, payment providers such as POP Recarga can offer an alternative
payment method which meets the market requirements in a way that operators simply cannot.
“Payment solutions such as POP Recarga’s meet the needs of the market, creating a payment
solution which fits the daily, trusted routines of the Brazilian smartphone user.”
- Juliano Braz, Founder Pop Recarga

6. A snapshot of worldwide alternative payment
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7. App stores have big ambitions for alternative payments
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“We need to ensure every customer has an effective way to pay. Microsoft is unifying the
Windows 10 experience across all devices, including making payment methods as widely
available as possible”
- Grahame Riddell, Billing Director at Microsoft.
• DCB is now available to PC, tablet, smartphone and Xbox One users under Microsoft’s new
platform approach. Having a unified experience supported by alternative payment methods is
essential to the worldwide growth of the Windows Store.
• Microsoft are already using wallets to serve markets such as China and Japan, with payment
providers such as Alipay established in these regions.

8. 1 in 3 mobile connections in Africa are linked to mobile money
accounts
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• Jide Akindele, founder of MMIT, gave compelling details of their findings on how Africa is
embracing alternative payment solutions, including how the Sub-Saharan market accounts for
the highest growth of mobile money payments, with 1 in 3 mobile connections in Africa linked
to mobile money accounts as of December 2015.
• Wallets are generally positioned for making real world payments such as transportation or
grocery shopping, in Africa there is great interest and progress in using them for digital
content and services.

9. ‘Content is king’ – entertainment drives adoption of alternative
payment methods
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“Users are engaged with digital content, but the vast majority still have no means to purchase
content to enrich their experiences”.
- Jide Akindele, Founder, MMIT
• Bango has reported that new content such as the recent mobile gaming phenomenon
Pokmon Go drives huge numbers of new DCB users.
• This has been seen with all top mobile titles and will only become more impactful as more
payment methods become available to the unbanked who have no other way to access the
content

10. 10
The size of the opportunity
2.5 billion
unbanked adults
(World Bank)
Over 5 billion mobile
accounts, with more than 3
billion smartphones
(Ericsson)
Over 7 billion
people worldwide
(United Nations)
Less than 2 billion
payment cards
(creditcards.com)
700+ mobile operators,
each with their own version
of carrier billing
(GSMA)
Over 255 mobile
money wallets across
89 countries
(GSMA)

11. Bango – carrier billing and beyond
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12. Bango ties it all together
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• Bango is the enabler of alternative payment methods and is fully prepared for ‘The Third
Wave’ of payments.
• Payment Providers such as POP Recarga and MMIT can plug into the Bango Payment
Platform to provide an alternative payment solution which fits the habits and needs of
localized markets, offering the best payment solution on a region-specific basis.

13. For more coverage of the Bango Alternative Payments Nexus,
check out the teaser video below:
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