Frost & Sullivan Names Amdocs 2015 Latin American Mobile Financial Services Company of the Year
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Global analyst firm cites Amdocs mobile financial services solution as “a technological enabler for economic growth in emerging markets”
FUTURECOM 2015 – Amdocs, the leading provider of customer experience solutions, today announced that analyst firm Frost & Sullivan has honored Amdocs with its 2015 Latin American Mobile Financial Services Company of the Year Award.
“Amdocs’ strong software development process, business process expertise, and innovative fraud prevention system, is likely to give the Latin American mobile payments ecosystem the chance it needs to reach greater mainstream adoption,” said Ben Gresham, Best Practices Research Analyst—Information & Communication Technology, Frost & Sullivan.
The Frost & Sullivan award letter states that “Amdocs’ [MFS] solution differentiates itself from other competitors in the mobile space because it can provide much more than a payment gateway…Amdocs’ innovative solution is a technological enabler for economic growth in emerging markets, allowing consumers to gain access to financial services previously impossible, and merchants and banks an opportunity to achieve new revenue streams from a previously unserved market segment.”
“This Frost & Sullivan award provides independent validation of our approach to mobile financial services and the important benefits they bring to un- and underbanked people around the world,” said Patrick McGrory, division president for Amdocs’ emerging offerings. “According to market research, 2 billion people in the world do not have a bank account1, yet an estimated 1.7 billion do have access to a mobile phone2.This represents a huge market opportunity for network operators and banks, and one which does not end with financial inclusion of the unbanked. The convenience and speed of mobile financial services are attractive to everyone.”
Brazil represents a growth market for mobile financial services, according to new independent research conducted for Amdocs among 8,500 consumers in 17 countries, including Brazil. The survey found that over 60 percent of Brazilian respondents have yet to use mobile financial services, and that new innovative solutions for savings, loans, and, insurance and shopping across all retail channels will drive the next phase of mobile financial services growth in Brazil. The survey findings also included the fact that low transaction fees, increased security, ease of use, and the ability to use the service anywhere (including online and in-store), are key enablers for encouraging mobile financial services usage and adoption in Brazil.
Amdocs launched its Mobile Financial Services solution in 2014. The solution enables mobile network operators, banks and other financial institutions to drive adoption of financial services delivered over feature phones or smartphones, addressing the fundamental need of unbanked and under-banked populations worldwide for accessible and affordable banking services.
1 World Bank, https://go.worldbank.org/72MAKHBAM0
2 CGAP, https://www.cgap.org/topics/mobile-banking
About Amdocs
Amdocs is the market leader in customer experience software solutions and services for the world’s largest communications, entertainment and media service providers. Our portfolio powers The New World of Customer Experience™, where a wide array of innovative and personalized services are delivered seamlessly to end users, regardless of device or network. For more than 30 years, Amdocs solutions, which include BSS, OSS, network control and optimization, coupled with our professional and managed services, have accelerated business value for our customers by streamlining complex operating environments, reducing costs and speeding time to market for new products and services. Amdocs and our more than 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 2014.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com
[:pt]Conteúdo disponível somente em Inglês.
Global analyst firm cites Amdocs mobile financial services solution as “a technological enabler for economic growth in emerging markets”
FUTURECOM 2015 – Amdocs, the leading provider of customer experience solutions, today announced that analyst firm Frost & Sullivan has honored Amdocs with its 2015 Latin American Mobile Financial Services Company of the Year Award.
“Amdocs’ strong software development process, business process expertise, and innovative fraud prevention system, is likely to give the Latin American mobile payments ecosystem the chance it needs to reach greater mainstream adoption,” said Ben Gresham, Best Practices Research Analyst—Information & Communication Technology, Frost & Sullivan.
The Frost & Sullivan award letter states that “Amdocs’ [MFS] solution differentiates itself from other competitors in the mobile space because it can provide much more than a payment gateway…Amdocs’ innovative solution is a technological enabler for economic growth in emerging markets, allowing consumers to gain access to financial services previously impossible, and merchants and banks an opportunity to achieve new revenue streams from a previously unserved market segment.”
“This Frost & Sullivan award provides independent validation of our approach to mobile financial services and the important benefits they bring to un- and underbanked people around the world,” said Patrick McGrory, division president for Amdocs’ emerging offerings. “According to market research, 2 billion people in the world do not have a bank account1, yet an estimated 1.7 billion do have access to a mobile phone2.This represents a huge market opportunity for network operators and banks, and one which does not end with financial inclusion of the unbanked. The convenience and speed of mobile financial services are attractive to everyone.”
Brazil represents a growth market for mobile financial services, according to new independent research conducted for Amdocs among 8,500 consumers in 17 countries, including Brazil. The survey found that over 60 percent of Brazilian respondents have yet to use mobile financial services, and that new innovative solutions for savings, loans, and, insurance and shopping across all retail channels will drive the next phase of mobile financial services growth in Brazil. The survey findings also included the fact that low transaction fees, increased security, ease of use, and the ability to use the service anywhere (including online and in-store), are key enablers for encouraging mobile financial services usage and adoption in Brazil.
Amdocs launched its Mobile Financial Services solution in 2014. The solution enables mobile network operators, banks and other financial institutions to drive adoption of financial services delivered over feature phones or smartphones, addressing the fundamental need of unbanked and under-banked populations worldwide for accessible and affordable banking services.
1 World Bank, https://go.worldbank.org/72MAKHBAM0
2 CGAP, https://www.cgap.org/topics/mobile-banking
About Amdocs
Amdocs is the market leader in customer experience software solutions and services for the world’s largest communications, entertainment and media service providers. Our portfolio powers The New World of Customer Experience™, where a wide array of innovative and personalized services are delivered seamlessly to end users, regardless of device or network. For more than 30 years, Amdocs solutions, which include BSS, OSS, network control and optimization, coupled with our professional and managed services, have accelerated business value for our customers by streamlining complex operating environments, reducing costs and speeding time to market for new products and services. Amdocs and our more than 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 2014.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com
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