The Philippines’ Globe Telecom is upgrading its GCash mobile money service to allow it to support expanded services such as bulk payment services for salaries.
The operator’s dedicated G-Xchange Inc (GXI) subsidiary will deploy the latest version of Amdocs’ Mobile Financial Services (MFS) suite, which has been powering the GCash money service since 2004.
By conducting the upgrade GXI aims to be able to deliver services faster ad more efficiency and to be able to scale up the service to bulk transactions when needed.
Amdocs will also provide end-to-end delivery services including development, deployment, testing and support as part of the contract.
“GCash has come a long way in solving financial inclusion challenges in the Philippines,” GXI CEO Albert Tinio said.
“This key system enhancement will enable us to realize new revenue streams with new services targeting new segments, while boosting GCash’s ability to deliver a highly scalable and efficient mobile financial services solution for consumers, merchants and organizations, meeting the business need of the evolving marketplace.”