XL Axiata, Indonesia’s fourth largest operator, awarded Amdocs a seven-year deal to deploy and operate a mobile financial services platform that will replace the operator’s home-grown legacy system.
The platform, which Amdocs will manage under a revenue-sharing model, will enable XL’s 42 million Tunai customers 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 allow users in the future to pay for things like TV media service, insurance and travel.
XL Tunai is a comprehensive mobile financial service, with a strong ecosystem of dealers and merchants, said Ongki Kurniawan, digital service director at XL.
The agreement covers the technical design, hardware acquisition, system implementation and third-party system integration. The system will be integrated with online billers, merchants and utility service providers.
The platform will enable XL to quickly build and deploy new services that drive innovations, open new revenue streams and win customer loyalty, said Patrick McGrory, division president for Amdocs’ emerging offerings.