Pango

About Pango

Established in 2007, Pango has transitioned from a mobile payment solution for parking into a comprehensive smart mobility payment provider in Israel. The company, officially Pango Pay N' Go, is owned by Milgam Ltd and Unicell Technologies Ltd. One of its co-founders is Yoram Romem, who also serves as a Director.

Pango operates as a central hub for drivers, consolidating various transportation-related payments and services into a single mobile application. The platform's primary service is a pay-by-phone parking solution that allows users to pay for street parking in all local authorities in Israel and in over 450 parking lots nationwide, eliminating the need for physical payment booths. The business model generates revenue by charging fees for transactions; for instance, it receives a fee for each payment made in parking lots and a percentage of the parking fees for on-street parking from municipalities. A premium subscription service offers additional features like automatic parking deactivation reminders for a monthly fee. In 2022, the company's revenues were approximately NIS 155 million, with a net profit of around NIS 55 million.

The company's client base includes individual consumers, corporate clients, and B2B partners like municipalities and private parking operators. Beyond parking, the Pango app facilitates a wide array of services, including payment for public transportation (bus, train, and light rail), refueling at Sonol gas stations, paying for toll roads, and ordering car washes and rescue services. This expansion transforms the app into a multi-faceted tool for urban mobility. Pango also provides data analytics and real-time monitoring tools for its B2B partners, contributing to smarter urban mobility solutions. A significant milestone for the company was in 2018, when the Israeli Ministry of Economy and Industry recognized it as one of the developers of the top 100 revolutionary Israeli products.