Wave Money taps Amdocs to enhance financial services operations

By Gloria Methri

Wave Money, a mobile financial services provider in Myanmar has partnered with software and services provider Amdocs to enhance its core platform.

Wave Money will leverage the end-to-end Amdocs Digital Services Platform to rapidly respond to changing market demands while ensuring scalability, maintaining business continuity and optimising operational costs.

This collaboration with Amdocs will enable Wave Money to enhance its service capabilities. It will offer a broader array of financial tools designed to meet the needs of both urban and rural users, thereby contributing to financial inclusion across Myanmar.

“Wave Money plays a pivotal role in Myanmar’s financial landscape, providing accessible, mobile-based financial services that empower millions to conduct everyday transactions and pay bills through a secure mobile wallet,” said Htin Hlaing, CTO at Wave Money. “This new platform will support Wave Money’s goal of delivering a user-friendly, reliable mobile wallet experience as we expand our service offerings to support Myanmar’s evolving digital financial ecosystem better.”

“Digital financial service providers are always looking for new ways to serve and engage their customers, often prioritising the introduction of new services with fast time to market,” said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. “We are pleased to support Wave Money as they modernise to seamlessly introduce innovative new digital services and prepare for future growth.”

Amdocs’ portfolio of software products and services unlocks customers’ innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Its 28,000 employees around the globe help accelerate service providers’ migration to the cloud, enable them to differentiate in the 5G era and digitalise and automate their operations