XL Axiata Selects Amdocs to Enhance and Innovate XL Tunai Mobile Financial Services
May 04 2016 - 4:02PM
Amdocs (NASDAQ:DOX), the leading provider of customer experience
solutions, today announced that XL Axiata, a leading mobile service
provider in Indonesia, has selected the Amdocs Mobile Financial
Services (MFS) solution to enhance its existing XL Tunai
mobile financial services platform and introduce new services under
a seven-year managed services revenue-sharing contract. Amdocs’
solution will enable XL Tunai customers, both banked and unbanked
customers across Indonesia, to use a single wallet for all
financial services including airtime top-up, money transfer, credit
purchase, as well as online and retail payments. It will also allow
XL Tunai customers, in the future, to pay for TV media service,
insurance, and travel purchases.
Amdocs will deploy and operate its MFS system, which will
replace XL Axiata’s home-grown legacy system, under a dedicated
managed services model. The agreement includes delivery of the
overall solution, including technical design, hardware acquisition,
system implementation, and third-party system integration. Amdocs
will also provide dedicated business accelerator services, working
closely with XL Axiata’s business team, to develop new use cases
and go-to-market strategies for the Indonesian market. The solution
will be integrated with online billers, merchants, and utility
service providers.
“XL Tunai is one of the most comprehensive mobile financial
services in Indonesia,” said Ongki Kurniawan, digital service
director at XL Axiata. “With around 42 million subscribers and a
strong ecosystem of dealers and merchants, we now have the
capability to further enhance our XL Tunai services. Amdocs’ MFS
solution along with their expert business acceleration services
will enable us to quickly expand and roll out new innovative
services for both banked and unbanked users.”
“People in Indonesia are increasingly using mobile phones for
most of their financial transactions,” said Patrick McGrory,
division president for Amdocs’ emerging offerings. “Amdocs’
solution, which powers some of the most successful mobile financial
services deployments worldwide, will enable XL Axiata to quickly
build and deploy new services that drive innovations, open new
revenue streams and win customer loyalty.”
Supporting Resources
- Learn more about Amdocs MFS solutions
- Keep up with Amdocs news by visiting the company’s website
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About Amdocs
Amdocs is the market leader in customer experience software
solutions and services for the world’s largest communications,
entertainment and media service providers. For more than 30
years, Amdocs solutions, which include BSS, OSS, network control,
optimization and network functions virtualization, coupled with
professional and managed services, have accelerated business value
for its customers by simplifying business complexity, reducing
costs and delivering a world-class customer experience.
The Amdocs portfolio enables service providers to capture the
world of digital immediacy by operating across digital dimensions
to engage customers with personalized, omni-channel experiences;
creating a diversified business to capture new revenue streams;
becoming data empowered to make business and operational decisions
based on insight-based and predictive analytics; and achieving
service agility to accelerate the fast rollout of new technologies
and hybrid network services.
Amdocs and its 24,000 employees serve customers in over 90
countries. Listed on the NASDAQ Global Select Market, Amdocs had
revenue of $3.6 billion in fiscal 2015.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes
forward-looking statements made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995,
including statements about Amdocs’ growth and business results in
future quarters. Although we believe the expectations reflected in
such forward-looking statements are based upon reasonable
assumptions, we can give no assurance that our expectations will be
obtained or that any deviations will not be material. Such
statements involve risks and uncertainties that may cause future
results to differ from those anticipated. These risks include, but
are not limited to, the effects of general economic conditions,
Amdocs’ ability to grow in the business markets that it serves,
Amdocs’ ability to successfully integrate acquired businesses,
adverse effects of market competition, rapid technological shifts
that may render the Company's products and services obsolete,
potential loss of a major customer, our ability to develop
long-term relationships with our customers, and risks associated
with operating businesses in the international market. Amdocs may
elect to update these forward-looking statements at some point in
the future; however, the Company specifically disclaims any
obligation to do so. These and other risks are discussed at greater
length in the Company's filings with the Securities and Exchange
Commission, including in our Annual Report on Form 20-F for the
fiscal year ended September 30, 2015 filed on December 10, 2015 and
our quarterly 6-K form furnished on February 16, 2016.
Media Contact:
Sara Preto
Fusion PR for Amdocs
Tel: +1-212-651-4214
E-Mail: sara.preto@fusionpr.com
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