XL Axiata Picks Amdocs to Enhance Mobile Financial Services

XL Axiata Picks Amdocs to Enhance Mobile Financial Services Image Credit: XL Axiata

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. 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 seven-year managed services revenue-sharing contract will see Amdocs deploying its solution to enable XL Tunai customers, both banked and unbanked 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. 

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.

Patrick McGrory, division president for Amdocs
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.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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