Bengaluru, India, December 18, 2014: Amdocs, the leading provider of customer experience solutions, today launched the Amdocs Mobile Financial Services solution. 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.

Building on the financial-grade technology developed by mobile financial services’ pioneer Utiba, a company acquired by Amdocs this March, the Amdocs solution delivers a single mobile wallet from which users can manage and control their finances, and enables a wide selection of highly secure mobile financial services, from money transfer, bill payments and m-commerce, to savings, loans, and insurance, loyalty points and top-up transactions. By combining this technology with a dedicated set of IT and business accelerator services, the Amdocs Mobile Financial Services solution helps network operators and financial institutions roll out and operate the solution with maximum cost efficiencies, quickly offering the services users need the most while ensuring the service is reliable and affordable for low-income households.