Press Release May 04 2016Amdocs solutions will enable XL Axiata to quickly enhance its existing XL Tunai mobile financial services and introduce new payment services for TV media, insurance, and travel purchases ST. LOUIS - May 4, 2016 - 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."
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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.
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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.
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