Strex Upgrades its Mobile Payments Services with Amdocs to Provide Seamless Money Transfer Experience
August 04 2021 - 3:05PM
Amdocs (NASDAQ: DOX), a leading provider of software and services
to communications and media companies, today announced that it has
been selected by Strex, a consortium owned by the major Norwegian
mobile operators Telenor, Telia, and Ice, to extend and upgrade
Strex’s existing mobile payments platform. Strex provides mobile
payment solutions for anyone with a mobile subscription registered
in Norway.
Under the agreement, Amdocs will implement its
latest cloud-native, microservices-based mobile payments platform
at Strex, operated in a software-as-a-service (SaaS) model, powered
by Amazon Web Services, Inc. (AWS). The new platform will support
new advanced 5G use cases and ensure end-to-end coverage for the
growing consumer demand for digital payments, leveraging the
availability of the open banking API ecosystem.
“Seamless money transfers, direct bank payments
and other e-wallet-based services are becoming increasingly
important to our subscribers,” said Tove Mette Dramstad, Strex CEO.
“With the new Amdocs platform, we will be able to offer all these
services and quickly roll out new features utilizing Amdocs’
continuous integration and continuous deployment (CI/CD)
practices.”
“Today’s consumers expect an easy payment
experience across different channels, one that is seamless and
supports different sources of funds,” said Gil Rosen, Chief
Marketing Officer, Amdocs and division president amdocs:next. “Our
new mobile payments platform covers these consumer expectations
while also creating a financial ecosystem in which e-commerce firms
can grow their business by accessing customers in a wider range of
markets. With its financial-grade performance for transaction
security, convenience and best-in-class operational reliability, we
are proud to be extending our long-term relationship with Strex and
allowing Norwegian subscribers to enjoy the benefits of connected
money across different markets.”
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About Amdocs
Amdocs’ purpose is to enrich lives and progress
society, using creativity and technology to build a
better-connected world. Amdocs and its 26,000 employees partner
with the leading players in the communications and media industry,
enabling next-generation experiences in 85 countries. Our
cloud-native, open and dynamic portfolio of digital solutions,
platforms and services brings greater choice, faster time to market
and flexibility, to better meet the evolving needs of our customers
as they drive growth, transform and take their business to the
cloud. Listed on the NASDAQ Global Select Market, Amdocs had
revenue of $4.2 billion in fiscal 2020. 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 Amdocs’ filings with the Securities and Exchange
Commission, including in our Annual Report on Form 20-F for the
fiscal year ended September 30, 2020 filed on December 14, 2020 and
our Form 6-K furnished for the first quarter of fiscal 2021 on
February 16, 2021 and for the second quarter of fiscal 2021 on May
24, 2021.
Media Contacts:
Jeff BarakAmdocs Public RelationsTel: +972 (0)52
645 3637E-mail: Jeff.Barak@amdocs.com
Katie FinnBabel PR for AmdocsTel: +44 (0)20
71993970E-mail: katie@babelpr.com
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