Cambridge company Bango, a mobile payments and analytics specialist, saw its share price head north after signing its Second Major App Store – the Opera App Store.

Bango’s shares were up 6.64 per cent (7p) to 112.5p within an hour of the news being posted on the London exchange.

Bango will provide mobile payments worldwide for the Opera Mobile App Store, which can be accessed from phones that run the Opera Mini and Opera mobile browsers, as well as any other mobile browser. The store currently delivers one million app downloads a day.

The first major app store signed by Bango was the Blackberry App World store. Bango recently confirmed that it had launched additional operators like Vodafone UK and T-Mobile USA, and penetrated new markets such as the US, Canada, the UK and Europe.

The Opera Mobile app can be run on over 3,000 different mobile phone models, including most major mobile operating systems. Bango is providing charge-to-mobile bill and other payment methods, such as credit card billing.

The Bango mobile payment feature is expected to go live and generate revenues in calendar Q3 of 2011, the second quarter of Bango’s financial year.

CEO Ray Anderson said: “Bango is continuing to develop a number of other significant app store opportunities and our progress gives us confidence that we are well placed to accelerate growth in future periods.”

• Photograph shows: Bango CEO, Ray Anderson