Bango is to provide payment services to Facebook, one of the world's largest internet companies.
Despite providing no more details: 'it is too early in the relationship to accurately forecast the level of business which it may generate,' said the Bango statement, the company's share price had shot up by over 45 per cent before 9am this morning.
It had already climbed over 11 per cent last week when it revealed that it was in negotiations with a leading platform for mobile web apps.
Bango specialises in allowing businesses to process payments made by internet over mobile phone devices, allwoing it to charge either mobile phone bills or take payment through other methods such as credit cards.
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