Globe’s Fintech Subsidiary Mynt Selects Amdocs to Power its Casa Service to Enable Retailers to Offer Financial Services to...
November 08 2016 - 3:05PM
Amdocs (NASDAQ:DOX), the leading provider of customer experience
solutions, today announced that Mynt, Globe Telecom’s fintech
subsidiary, has selected the Amdocs Mobile Financial Services
solution to power Casa - a new service that will enable Mynt to
offer retailers a cloud-based, financial-grade, white-label digital
money fintech platform, providing retailers with the means to offer
a wide range of financial services and generate a new revenue
stream.
The Mynt Casa service, which will be powered by the Amdocs
Mobile Financial Services solution, will enable retailers to offer
bill payments, money transfers, closed-loop merchant payment
solutions and loyalty program management. In addition, a card
management feature will support them in issuing a closed-loop
companion prepaid card to any customer, even if they do not hold a
bank account. Cards will be linked to the user’s mobile wallet
account, allowing them to pay for purchases at retail and online
stores.
The Amdocs solution will be deployed on Amazon’s public cloud.
Based on a multi-tenant system, it will enable retailers in
different locations to be hosted as separate tenants on a
centralized platform, wholly managed by Amdocs. Under a five-year
software as a service (SaaS) agreement, Amdocs will assume complete
responsibility for development, deployment, operation and
maintenance of the Amdocs solution via a revenue-sharing model with
Mynt.
“Retailers in emerging markets such as the Philippines need
their own e-money solution that allows them to offer financial
services such as point-of-sale payments, using cashless methods
such as mobile wallets, payment cards and loyalty points,” said JM
Aujero, chief sales officer at Mynt. “With Casa’s easy-to-use
cloud-based platform, we will be able to provide for this need in a
way that is tailored to each individual retailer. At the same time,
it will enable them to offer wider financial services, such as
third-party bill payments and money transfers without having to
invest in new infrastructure deployment and operations.”
“The ability for retailers and merchants to offer their own
financial services solutions is a huge opportunity for mobile
financial services providers to drive usage and adoption,” said
Patrick McGrory, president for Amdocs’ emerging offerings. “Casa,
powered by Amdocs’ cloud-based solution, provides superior,
retail-specific capabilities, combined with a time-to-market
advantage that will enable Mynt to quickly roll out services to its
retail partners across the Philippines.”
Amdocs also separately announced today the availability of its
Mobile Financial Services Card Management System (CMS). CMS
supports any service provider in issuing both closed loop and open
loop prepaid and debit cards to their customers, even to those who
have no bank account. The card can be linked to a consumer’s mobile
wallet with a stored value and/or loyalty point account as the
source of funds. They can use the card to pay for purchases at a
retail point of sale terminal, withdraw cash from an ATM, or for
online shopping.
Supporting Resources
- Learn more about the new mobile financial services use cases
that Amdocs can support
- Keep up with Amdocs news by visiting the company’s website
- Subscribe to Amdocs’ RSS Feed and follow us on Twitter,
Facebook, LinkedIn and YouTube
About Globe
Globe Telecom is a leading full service telecommunications
company in the Philippines, serving the needs of consumers and
businesses across an entire suite of products and services
including mobile, fixed, broadband, data connections, internet and
managed services. Its principals are Ayala Corporation and
SingTel who are acknowledged industry leaders in the country and in
the region. For more information, visit www.globe.com.ph. Follow us
on Twitter: http://twitter.com/talk2Globe and Facebook:
http://facebook.com/GlobePH.
About Amdocs
Amdocs is the market leader in customer experience software
solutions 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 25,000 employees serve customers in over 90
countries. Listed on the NASDAQ Global Select Market, Amdocs had
revenue of $3.7 billion in fiscal 2016.
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 forms furnished on February 16, May 17 and August
8, 2016.
Media Contact:
Austin Weedfall
Hotwire PR for Amdocs
Tel: +1 646-790-4737
E-Mail: austin.weedfall@hotwirepr.com
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