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Customer Experience:

How do you delight customers?

Ray Anderson, CEO, Bango
12th March 2012
© 2012 Bango plc
www.bango.com

                                1
Where Bango fits in:




   Streamline
    the user
    payment
   experience
                        Pay




                For thousands of digital merchants




                                                     2
Desire   Delight




                   3
Desire
         Despair




                   4
User experience example…


 Buying a sword during a mobile game:



                         • Choose your sword
                         • Type in your phone number
                         • Click to continue
                         • Wait for a text message
                         • Open the message
                         • Note down the PIN code
                         • Go back to the game
                         • Type in the PIN code
                         • Get the sword



  Example using Paypal Mobile Operator Billing Payment (Zong)
                                                                5
User experience can be life or death …




     Pay with PayPal (Zong)
     •   Choose your sword
     •   Click & type phone number
     •   Click to continue
     •   Wait for a text message
     •   Open the message
     •   Note down the PIN code
     •   Go back to the app
     •   Type in the PIN code
     •   Get the sword



                                      Killed
                                             b
                                     the O y
                                            gre
User experience can be life or death …




     Pay with PayPal (Zong)                       Pay with Bango
     •   Choose your sword                        •   Choose your sword
     •   Click & type phone number                •   Click to pay
     •   Click to continue                        •   Get the sword
     •   Wait for a text message
     •   Open the message
     •   Note down the PIN code
     •   Go back to the app
     •   Type in the PIN code
     •   Get the sword



                                      Killed
                                             b
                                     the O y
                                            gre
User experience can Delight!




     Pay with PayPal (Zong)                         Pay with Bango
     •   Choose your sword                          •   Choose your sword
     •   Click & type phone number                  •   Click to pay
     •   Click to continue                          •   Get the sword
     •   Wait for a text message
     •   Open the message
     •   Note down the PIN code
     •   Go back to the app
                                                                            Defea
     •   Type in the PIN code                                                      ted
                                                                            the g
                                                                                  iant
     •   Get the sword
                                                  Met t
                                                        h
                                                  prince e
                                                        ss
                                      Killed
                                             b
                                     the O y                                 Ruling
                                            gre
                                                                            the la
                                                                                  nd
                                                                                         8
Example: Bango for Dada musicbox




                                   9
Bango for Blackberry App World
HTML5




        11
Behind the Scenes….



                                      Common user identity across
                                      multiple services / apps
                                      Enables better user experience
                                      than any other solution

                                          Bango payment platform

       User Identity:                    Single technical and commercial            Operational
Bango ID merges multiple identities
  using cross-site & app history
                                        integration with 80+ billing systems         systems
         Carrier MSISDN
          Carrier UserID                                                              Payment
           RIM Identity                                                        Reduce ops. cost and risk
             Opera ID
            Device ID
            Browser ID                                                               Analytics
            Amazon ID                                                            Understanding drives
           Facebook ID                                                                 revenue
             Open ID
                                                                                                           12
Conversion Rate Measurement

                   •    Driving factors
                        - good price (in local currency)
                        - clear language
                        - trust brand(s)
                                                                 91.1%
                        - repeating user                       Return to CP site
                        - Operator / payforit                 payment confirmed
                        endorsement

                   •    Causal Factors
                        - no money available
                        - barred by account owner /
                                                                     5%                 3.0% Out of funds
                                                                                        0.8% Payment Bar
                        carrier                                Unable to pay,           0.2% Biller fault
                        - billing failed or fraud detected
     100%                                                     according to biller

     enter Bango    •   Causal Factors
      payment
                        - did not expect to pay
                        - price too high
                        - did not like T&C
                                                                     2%                 1.9% CP Handled
                                                                                        0.1% Bango Handled
      collection                                               Cancel (Decline)
       process
                    •   Causal Factors
                        - biller systems lose user                 0.7%
                        - switched to other                      Lost - Unknown
                        URL/bookmark                          (disconnect, bookmark,
                        - loss of interest
                        - connection fault                       “back”, biller loss)


                        2.6%                                       2.2%
                   Explore T&C, Data
                                                                    Fail to return
                    Charges, other                           after reading T&C, Data
                                                                  Charges, other
                                                                                                             13
Conversion Rate is Key to Profit


  A small difference in
     conversion rate
                             Buy 1,000 visits for $1 each
                                 ($1,000 marketing cost)
   Can cause a huge
   difference in gross
                             500 visitors click “BUY”
          profit
                              at your mobile website
                                            A                               B

         Example:                      60% CR                2%        62% CR

  You are selling items at               Sell 300                        Sell 310
  $10 each which incur a                 =$3,000                         =$3,100
    royalty of $3 each
                                   Cost of sale:$1,800             Cost of sale:$2,400
  You market using use                0.3*$3,000 billing              0.3*$3,100 billing
   performance based                   300*$3 royalty                  310*$3 royalty

  mobile search and ads            ($1,000 marketing cost)         ($1,000 marketing cost)


 Billing Cost 30% (70%out)
                                      $200 Profit            20%      $240 sales

                                                                                             14
Bring delight a little closer…




        Desire                             Delight
                                 Delight




                                                     15

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2. Ray Anderson

  • 1. Customer Experience: How do you delight customers? Ray Anderson, CEO, Bango 12th March 2012 © 2012 Bango plc www.bango.com 1
  • 2. Where Bango fits in: Streamline the user payment experience Pay For thousands of digital merchants 2
  • 3. Desire Delight 3
  • 4. Desire Despair 4
  • 5. User experience example… Buying a sword during a mobile game: • Choose your sword • Type in your phone number • Click to continue • Wait for a text message • Open the message • Note down the PIN code • Go back to the game • Type in the PIN code • Get the sword Example using Paypal Mobile Operator Billing Payment (Zong) 5
  • 6. User experience can be life or death … Pay with PayPal (Zong) • Choose your sword • Click & type phone number • Click to continue • Wait for a text message • Open the message • Note down the PIN code • Go back to the app • Type in the PIN code • Get the sword Killed b the O y gre
  • 7. User experience can be life or death … Pay with PayPal (Zong) Pay with Bango • Choose your sword • Choose your sword • Click & type phone number • Click to pay • Click to continue • Get the sword • Wait for a text message • Open the message • Note down the PIN code • Go back to the app • Type in the PIN code • Get the sword Killed b the O y gre
  • 8. User experience can Delight! Pay with PayPal (Zong) Pay with Bango • Choose your sword • Choose your sword • Click & type phone number • Click to pay • Click to continue • Get the sword • Wait for a text message • Open the message • Note down the PIN code • Go back to the app Defea • Type in the PIN code ted the g iant • Get the sword Met t h prince e ss Killed b the O y Ruling gre the la nd 8
  • 9. Example: Bango for Dada musicbox 9
  • 10. Bango for Blackberry App World
  • 11. HTML5 11
  • 12. Behind the Scenes…. Common user identity across multiple services / apps Enables better user experience than any other solution Bango payment platform User Identity: Single technical and commercial Operational Bango ID merges multiple identities using cross-site & app history integration with 80+ billing systems systems Carrier MSISDN Carrier UserID Payment RIM Identity Reduce ops. cost and risk Opera ID Device ID Browser ID Analytics Amazon ID Understanding drives Facebook ID revenue Open ID 12
  • 13. Conversion Rate Measurement • Driving factors - good price (in local currency) - clear language - trust brand(s) 91.1% - repeating user Return to CP site - Operator / payforit payment confirmed endorsement • Causal Factors - no money available - barred by account owner / 5% 3.0% Out of funds 0.8% Payment Bar carrier Unable to pay, 0.2% Biller fault - billing failed or fraud detected 100% according to biller enter Bango • Causal Factors payment - did not expect to pay - price too high - did not like T&C 2% 1.9% CP Handled 0.1% Bango Handled collection Cancel (Decline) process • Causal Factors - biller systems lose user 0.7% - switched to other Lost - Unknown URL/bookmark (disconnect, bookmark, - loss of interest - connection fault “back”, biller loss) 2.6% 2.2% Explore T&C, Data Fail to return Charges, other after reading T&C, Data Charges, other 13
  • 14. Conversion Rate is Key to Profit A small difference in conversion rate Buy 1,000 visits for $1 each ($1,000 marketing cost) Can cause a huge difference in gross 500 visitors click “BUY” profit at your mobile website A B Example: 60% CR 2% 62% CR You are selling items at Sell 300 Sell 310 $10 each which incur a =$3,000 =$3,100 royalty of $3 each Cost of sale:$1,800 Cost of sale:$2,400 You market using use 0.3*$3,000 billing 0.3*$3,100 billing performance based 300*$3 royalty 310*$3 royalty mobile search and ads ($1,000 marketing cost) ($1,000 marketing cost) Billing Cost 30% (70%out) $200 Profit 20% $240 sales 14
  • 15. Bring delight a little closer… Desire Delight Delight 15