LONDON (ShareCast) - Losses increased at mobile app payments facilitator Bango in 2013 as the company rolled out its technology with mobile network operators (MNO) and app stores including Google.

Bango has now completed more than 120 direct MNO integrations around the world and integrated three of these with Google Play, three with Microsoft's Windows Phone and four with Firefox Marketplace, and has a pipeline of 40 integrations to process.

End user spend rose to £15.6m, versus £6.2m in the previous nine-month comparative period, but larger teams and datacentre costs lifted losses before tax to £4.9m, versus £2.6m, leaving £5.1m cash in the bank at year end.

Shares in the company continued their recent decline, falling 3.2% to 147.5p by mid afternoon.

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