Amdocs has partnered with Wave Money to enhance its digital financial capabilities in Myanmar using the Amdocs Digital Financial Services platform.
The partnership is designed to enable Wave Money to respond swiftly to changing market demands while scaling operations, ensuring business continuity, and optimising costs, according to FF News.
The upgraded platform will also facilitate the delivery of a broader range of financial tools for users in both urban and rural areas, contributing to greater financial inclusion across Myanmar.
Amdocs specialises in delivering innovative software and services to communication and media organisations worldwide. Its offerings support digital transformation, customer engagement, and operational efficiency.
Wave Money is a leading mobile financial services provider in Myanmar, empowering millions with secure mobile wallet solutions for daily transactions, money transfers, and bill payments. Its platform is pivotal in advancing financial accessibility in the region.
The Amdocs Digital Financial Services platform provides end-to-end solutions that will allow Wave Money to enhance its service capabilities.
This modernisation supports Wave Money’s goal to create a user-friendly and reliable mobile wallet experience while preparing for future growth in Myanmar’s digital financial ecosystem.
“Wave Money plays a pivotal role in Myanmar’s financial landscape, providing accessible, mobile-based financial services that empower millions to conduct everyday transactions, send money, and pay bills through a secure mobile wallet,” Wave Money CTO Htin Hlaing said. “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 better support Myanmar’s evolving digital financial ecosystem.”
Anthony Goonetilleke, group president of technology and head of strategy at Amdocs, said, “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. We are pleased to support Wave Money as they modernise to seamlessly introduce innovative new digital services and prepare for future growth.”
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