ST. LOUIS, March 02, 2016 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), the leading provider of customer experience solutions, today announced that the company, together with Globe Telecom, has been awarded joint winner of the Best Payment Solution Deployments in Asia for 2015 at the Mobile Money & Digital Payments Global in Istanbul. The award recognizes Globe Telecom’s innovative GCash service, powered by Amdocs Mobile Financial Services solution, which breaks many financial services barriers and enables GCash customers to access services that were previously unavailable with the use of a mobile wallet.
The GCash MasterCard service enables customers to use a locally issued prepaid card linked to a mobile wallet to make online payments, withdraw cash from any ATM and transact at any MasterCard merchant worldwide. Customers can also receive remittances directly to their mobile wallet. GCash MasterCard also features the beep functionality that enables payments for Light Rail Transit (LRT) and Metro Rail Transit (MRT) tickets. GCash MasterCard is a pioneering service which is being viewed as a case study around the world.
“Seventy-five percent of Filipinos today are unbanked, and given that only three percent of the population has credit cards, a lot of people still don’t have access to online payments nor can they perform transactions in the digital space,” said Albert Tinio, chief executive officer of G-Xchange, Inc., a mobile payments subsidiary of Globe Telecom which operates GCash. “With Amdocs’ technology, our innovative GCash and GCash beep services have helped us overcome a lot of these market challenges without the need for a traditional bank account.”
“This award recognizes Amdocs’ and Globe Telecom’s ability to continually innovate and deliver the most comprehensive mobile financial services solutions that drive financial inclusion and adoption of mobile wallet services,” said Patrick McGrory, division president for Amdocs emerging offerings. “Amdocs Mobile Financial Services solution, which is powering GCash services for the last 12 years, enables service providers across the globe to seize the opportunities that come with today’s digital disruption by diversifying their businesses and quickly rolling out the new types of services to tap into new revenue streams and win customer loyalty.”
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About Globe Telecom
Globe Telecom is a leading full service telecommunications company in the Philippines, serving the needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connections, internet and managed services. Its principals are Ayala Corporation and Singtel who are acknowledged industry leaders in the country and in the region. For more information, visit www.globe.com.ph. Follow us on Twitter: http://twitter.com/talk2Globe and Facebook: http://facebook.com/GlobePH
G-Xchange Inc. is a wholly-owned subsidiary of Globe Telecom. It offers GCash, an internationally acclaimed micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer. GCash can be used to buy prepaid load, pay bills, send money, make donations, shop online, and even purchase goods without the need to bring any cash. For more information, please visit https://www.globe.com.ph/gcash
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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For more information, visit Amdocs at www.amdocs.com
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.
Media Contact: Sara Preto Fusion PR for Amdocs Tel: +1-212-651-4214 E-Mail: firstname.lastname@example.org Amdocs 1390 Timberlake Manor Parkway Chesterfield, MO 63017 USA www.amdocs.com +1-314-212-7000 tel +1-314-212-7500 fax Globe Telecom Yoly C. Crisanto Head, Corporate Communications Globe Telecom, Inc. Email Address: email@example.com Globe Press Room: www.globe.com.ph/press-room Twitter: @talk2GLOBE │ Facebook: www.facebook.com/globeph