Amdocs and Worldline Collabora – GuruFocus.com
JERSEY CITY, NJ, May 11, 2022 (GLOBE NEWSWIRE) — Amdocs (DOX), a leading provider of software and services to communications and media companies, today announced its global expansion with Worldline, the one of the world’s leading payment services, to better serve subscription merchants. This will allow merchants to expand their offerings globally across North America, Europe, Asia-Pacific, and Latin America, while accepting multiple payment methods and currencies.
Under the agreement, subscribing merchants will have the combined capabilities of Amdocs Vindicia eCommerce cloud-based SaaS subscription monetization platform with frictionless payment and transactional commerce, and merchant payment processing solutions from Worldline, including mobile and secure payments with a preferred payment choice. method and currency for increased conversion. Several leading subscription-based companies in North America and Europe are currently leveraging these combined capabilities.
According to recent research, UBS expects the subscription economy to grow into a $1.5 trillion market by 2025, implying an average annual growth rate of 18%. In the long term, they expect subscriptions as a trend to broaden and gain popularity in emerging markets.
Kelly Harvin, Global Director of Channel Partnerships at Worldline said, “The subscription economy is growing at a rapid pace and today’s consumers demand a wide variety of payment methods, currencies and mobile uses in different localities. We are happy to work with Vindicia from Amdocs to increase conversion for their customers by providing the most optimal checkout experience.
Anthony Goonetilleke, Group President of Technology and Head of Strategy, said: “The subscription industry continues to grow, enriched by the continued diversification of subscription services. This partnership with Worldline will provide subscribing merchants with a combined solution that will allow them to create a better end-to-end experience, from acquiring to invoicing, and the ability to quickly adapt to other markets.
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Amdocs helps those who build the future make it amazing. Through our market-leading portfolio of software products and services, we unlock the innovation potential of our customers, enabling them to deliver next-generation communication and media experiences for individual end users and businesses. Our 30,000 employees around the world are here to accelerate service providers’ migration to the cloud, enable them to differentiate themselves in the 5G era, digitize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.3 billion in fiscal 2021. For more information, visit Amdocs at www.amdocs.com
Worldline [Euronext: WLN] is a global leader in the payments industry and the technology partner of choice for merchants, banks and acquirers. With 20,000 employees in more than 50 countries, Worldline provides its customers with sustainable, reliable and innovative solutions that promote their growth. The services offered by Worldline include in-store and online commercial acquiring, highly secure processing of payment transactions and numerous digital services. In 2021, Worldline generated proforma revenue of nearly €4 billion. worldline.com
Amdocs forward-looking statement
This press release contains information that constitutes forward-looking statements made pursuant to the disclaimer of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in the quarters to come. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be achieved or that the deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, the ability of Amdocs to grow in the commercial markets it serves, the ability of Amdocs to successfully integrate acquired businesses, the effects adverse effects of market competition, rapid technological changes that may render the Company’s products and services obsolete, the potential loss of a major customer, our ability to develop long-term relationships with our customers, and the risks associated with operating activities in the international market. Amdocs may choose to update these forward-looking statements at some point in the future; however, the Company expressly disclaims any obligation to do so. These and other risks are discussed in more detail in Amdocs’ filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F for the fiscal year ended September 30, 2021 filed December 10, 2021. , and our furnished Form 6-K for the first quarter of fiscal year 2022 on February 14, 2022.
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