Norway’s Telenor, TeliaSonera and Tele2 have selected the Amdocs Mobile Financial Services solution to advance their Strex joint venture for mobile payments. Mobile financial services are already very popular in Norway, with Strex handling more than 75 million SMS-based payment transactions annually.
The Amdocs solution will consolidate the operators’ multiple SMS (Short Message Service) -based payment systems into one, enabling Strex to offer their users a single mobile wallet with which they can pay for any digital or physical good or service, send money to friends and family and pay bills using either SMS, Web, USSD (Unstructured Supplementary Service Data) or via a mobile app. Strex users can load their mobile wallet from their bank account, credit card or debit card, or use their carrier bill for mobile purchases.
The solution will be deployed on a public cloud by the Amdocs Mobile Financial Services Center of Excellence, which will also manage Strex’s daily operations under a multi-year managed services engagement. As a result, Strex will be able to ensure performance reliability and scalability with a cost-effective operational structure. Furthermore, the solution’s integrated partner capabilities will enable rapid ecosystem growth and allow Strex to onboard, manage and settle with merchants and other partners on the same convergent platform, leading to a better customer experience and faster service adoption.
With revenue of $3.6 billion in fiscal 2014, Amdocs and its more than 22,000 employees serve customers in over 80 countries.
For additional data on Amdocs visit CardData®. For historical news and commentary on Amdocs visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. RAM Research® forecasts on Amdocs are available exclusively through CardWeb.