SETAR, Aruba’s National Telecom Provider, Partners with Amdocs to Bring Convenient Payment and Financial Inclusion Solution...
07 January 2020 - 10:00PM
Amdocs (NASDAQ: DOX), a leading provider of software and services
to communications and media companies, today announces its managed
services and mobile financial services technology platform were
deployed by SETAR N.V., a leading telecom operator in Aruba, in
October 2019. Delivered in partnership with Aruba Bank,
Pay.aw is Aruba’s first and only mobile financial payment and
commerce service and is a significant milestone in Aruba’s digital
transformation.
Based on the Amdocs Mobile Financial Services
platform, Pay.aw makes it possible for local customers to have a
single digital wallet for all financial services including airtime
top-up, peer-to-peer money transfers, credit purchases, as well as
online and retail payments such as electricity bills. Amdocs was
selected as the technology partner based on its extensive
international experience, profound expertise in digital mobile
payment and cloud solutions, as well as its in-depth knowledge of
SETAR's local business. In a SaaS mdoel, Amdocs provided PAY.AW as
part of a multi-year agreement that includes technical support,
hardware acquisition, system implementation, and third-party system
integration.
“Our company is a pioneer in the mobile payments
segment with this innovative financial service,” said Roland Croes,
Director, SETAR N.V. “Our goal now is not only to serve our
current customer base, but also to expand the offer to other CSP’s
subscribers as well as to all citizens of Aruba through additional
financial institutions,” he added.
"With some of the most successful mobile
financial services deployments worldwide, Amdocs is pleased to help
SETAR embrace digital transformation and quickly build and deploy
new services that drive innovation, open new revenue streams and
win customer loyalty," said Gary Miles, chief marketing officer,
Amdocs.
Supporting Resources
- Learn more about Amdocs Mobile Financial Services
- Keep up with Amdocs news by visiting the company’s website
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About AmdocsAmdocs is a leading
software and services provider to communications and media
companies of all sizes, accelerating the industry’s dynamic and
continuous digital transformation. With a rich set of innovative
solutions, long-term business relationships with 350 communications
and media providers, and technology and distribution ties to 600
content creators, Amdocs delivers business improvements to drive
growth. Amdocs and its 25,000 employees serve customers in over 85
countries. Listed on the NASDAQ Global Select Market, Amdocs had
revenue of $4.1 billion in fiscal 2019. For more information, visit
Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking
StatementThis 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, 2019 filed on December 16, 2019 and
our quarterly 6-K form furnished on February 19, May 28, August 19
and November 12, 2019.
Media Contact:Linda HoriuchiAmdocs Public
RelationsTel: +1 (646) 581-2568E-mail:
linda.horiuchi@amdocs.com |
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Amdocs1390 Timberlake Manor ParkwayChesterfield,
MO 63017USAwww.amdocs.com |
t:
+1-314-212-7000f: +1-314-212-7500 |
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