Wave Money, a top mobile financial services provider in Myanmar, has chosen Amdocs (NASDAQ: DOX), a leader in software and services for communications and media, to upgrade its core operations with the Amdocs Digital Financial Services platform.
With Amdocs’ comprehensive solution, Wave Money aims to achieve greater agility to adapt swiftly to evolving market demands while ensuring scalability, business continuity, and cost optimization.
This partnership is set to boost Wave Money’s capabilities, expanding the suite of financial tools available to both urban and rural communities. This expansion is key to promoting financial inclusion across Myanmar.
“Wave Money is a cornerstone of Myanmar’s financial sector, enabling millions to perform daily transactions, transfer money, and pay bills using a secure mobile wallet,” stated Htin Hlaing, CTO at Wave Money. “The integration of Amdocs’ platform will help us provide an enhanced, user-friendly mobile wallet experience and extend our services to support Myanmar’s dynamic digital finance landscape.”
Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs, added, “Digital financial service providers are always striving to better serve and engage customers by rapidly launching new services. We are proud to assist Wave Money as they modernize their platform to introduce innovative digital services seamlessly and prepare for sustained growth.”
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