SETAR, Aruba’s National Telecom Provider, Partners with Amdocs to Bring Convenient Payment and Financial Inclusion Solutions to Consumers

ST. LOUIS , Jan. 07, 2020 (GLOBE NEWSWIRE) — Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announces its managed services and mobile financial services technology platform were deployed by SETAR N.V., a leading telecom operator in Aruba, in October 2019.  Delivered in partnership with Aruba Bank, Pay.aw is Aruba’s first and only mobile financial payment and commerce service and is a significant milestone in Aruba’s digital transformation.

Based on the Amdocs Mobile Financial Services platform, Pay.aw makes it possible for local customers to have a single digital wallet for all financial services including airtime top-up, peer-to-peer money transfers, credit purchases, as well as online and retail payments such as electricity bills. Amdocs was selected as the technology partner based on its extensive international experience, profound expertise in digital mobile payment and cloud solutions, as well as its in-depth knowledge of SETAR’s local business. In a SaaS mdoel, Amdocs provided PAY.AW as part of a multi-year agreement that includes technical support, hardware acquisition, system implementation, and third-party system integration.

“Our company is a pioneer in the mobile payments segment with this innovative financial service,” said Roland Croes, Director, SETAR N.V.  “Our goal now is not only to serve our current customer base, but also to expand the offer to other CSP’s subscribers as well as to all citizens of Aruba through additional financial institutions,” he added.

“With some of the most successful mobile financial services deployments worldwide, Amdocs is pleased to help SETAR embrace digital transformation and quickly build and deploy new services that drive innovation, open new revenue streams and win customer loyalty,” said Gary Miles, chief marketing officer, Amdocs.

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About Amdocs
Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry’s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.1 billion in fiscal 2019. 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 Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2019 filed on December 16, 2019 and our quarterly 6-K form furnished on February 19, May 28, August 19 and November 12, 2019.