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XL Axiata Selects Amdocs to Enhance and Innovate XL Tunai Mobile Financial Services

ST. LOUIS, May 04, 2016 (GLOBE NEWSWIRE via COMTEX) --

Amdocs DOX, +1.12% the leading provider of customer experience solutions, today announced that 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 under a seven-year managed services revenue-sharing contract. Amdocs' solution will enable XL Tunai customers, both banked and unbanked customers 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.

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 agreement includes delivery of the overall solution, including technical design, hardware acquisition, system implementation, and third-party system integration. Amdocs will also provide dedicated business accelerator services, working closely with XL Axiata's business team, to develop new use cases and go-to-market strategies for the Indonesian market. The solution will be integrated with online billers, merchants, and utility service providers.

"XL Tunai is one of the most comprehensive mobile financial services in Indonesia," said Ongki Kurniawan, digital service director at XL Axiata. "With around 42 million subscribers and a strong ecosystem of...