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Telenor, TeliaSonera and Tele2 Select Amdocs for Strex Single Mobile Wallet Service

Telenor, TeliaSonera and Tele2 Select Amdocs for Strex Single Mobile Wallet Service Image Credit: Telenor Group

Amdocs, the leading provider of customer experience solutions, Wednesday announced that Norway’s three leading operators ‒ Telenor, TeliaSonera and Tele2 ‒ have selected the Amdocs Mobile Financial Services solution to advance their Strex joint venture for mobile payments. The solution will enable Strex to offer end users a single mobile wallet service with multiple funding and payment options, including bank account, credit card or debit card, or use their carrier billing for mobile purchases.

According to Amdocs, the solution will consolidate the operators’ multiple SMS (Short Message Service) -based payment systems into one, enabling Strex to offer their users a single mobile wallet with which they can pay for any digital or physical good or service, send money to friends and family and pay bills using either SMS, Web, USSD (Unstructured Supplementary Service Data) or via a mobile app. The solution will be deployed on a public cloud by the Amdocs Mobile Financial Services Center of Excellence, which will also manage Strex’s daily operations under a multi-year managed services engagement. 

Hege Kosberg, chief executive officer of Strex
Mobile financial services are already very popular in Norway, with Strex handling more than 75 million SMS-based payment transactions annually. Once we launch our single mobile wallet, we will be able to offer our customers the most convenient shopping experience with a wide choice of funding and payment options, as well as provide merchants with a state-of-the-art platform for marketing their goods with integrated loyalty programs.

Patrick McGrory, division president for Amdocs’ Emerging Offerings
Mobile financial services present a huge market opportunity for both developing and developed markets. The fact that our solution is being deployed in Norway shows that the convenience and speed of mobile financial services are attractive for everyone. By combining technology with a dedicated set of services, and offering a payment platform to support customers of different operators, Amdocs can help the Strex partners overcome interoperability challenges and ensure maximum operational cost-efficiencies.

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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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