At Mobile World Congress in Barcelona, Amdocs, a provider of customer experience systems, announced the launch of Amdocs Mobile Payments. The new service is a cloud -based gateway, enabling mobile operators to scale their mobile payments business for both prepaid and postpaid customers to open new revenue streams. Mobile payments that are charged via the carrier offer consumers the option of charging purchases directly to their mobile phone bill, prepaid balance or mobile wallet.
The mobile payments service is based on Amdocs ’ (chesterfield, Mo., USA) knowledge where today it processes more than 250 million mobile payment transactions a year, totaling more than $2 billion in mobile payment revenues. The service allows mobile operators to manage app stores, merchants and aggregators, process transactions for the physical and digital goods or services, and settle against all available payment methods such as postpaid bill, prepaid balance or mobile wallet
The Amdocs Mobile Payments Solution is Software-as-a-Service (SaaS) based, which is BSS (business support systems) vendor agnostic. The mobile payment is pre-integrated with Google’s Android Market as well as supporting the requirements of other app stores.
Amdocs added new use cases, features and technologies such as in-app billing, self-service, and advanced refund options, says the company.
Operators of any size can enter the mobile payments market or scale their operations while reducing the cost of managing off-portal content business by offering the service on a revenue-share or per-transaction business models.
“Today’s shopping experience is increasingly mobile and consumers prefer the convenience of mobile payments settled on a carrier bill rather than disclosing their credit card details to unknown retailers,” said Brian Shepherd, Amdocs division president. “Mobile payments using prepaid balance are often the most attractive payment option for young and unbanked consumers who want to participate in the digital economy. Mobile network operators are uniquely positioned to take advantage of their billing relationships with their consumers to enable them to do more in the connected world.”
The mobile payments market is predicted to reach $670 billion by 2015, according to Juniper Research.