Strex, the m-payments joint venture between Telenor, TeliaSonera and Tele2, has announced plans to boost its offering with Amdocs’ mobile financial services solution.
Amdocs said it planned to consolidate the operators’ existing multiple SMS-based payment systems into one, enabling Strex to offer users a single mobile wallet with which they can pay for any goods or services, send money and pay bills.
Strex, which changed its name from mPayment last week, was set up by the three operators in 2012 and handles more than 75 million SMS transactions per year.
Users pay using their mobile phone number, with transactions charged to their mobile bill.
The JV said more than half of the Norwegian population has already used its services without being aware of it. It cited paying for parking or voting on reality TV shows via SMS as examples.
The introduction of the Amdocs solution will enable users to pay via an app, the internet and USSD, as well as SMS.
It will be deployed on a public cloud by the vendor’s Mobile Financial Services Center of Excellence, which will also manage Strex’s daily operations under a multi-year managed services engagement.
Further, Amdocs said “integrated partner capabilities” will enable Strex to expand the scale of its offering moving forward.
Strex CEO Hege Kosberg commented: “Mobile financial services are already very popular in Norway.
“Once we launch our single mobile wallet, we will be able to offer our customers the most convenient shopping experience with a wide choice of funding and payment options, as well as provide merchants with a state-of-the-art platform for marketing their goods with integrated loyalty programs.”