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Norway’s three leading operators ‒ Telenor, TeliaSonera and Tele2 – are to advance their Strex joint venture for mobile payments. Strex is now able to offer end users a single mobile wallet service with multiple funding and payment options.
The Amdocs solution will consolidate the operators’ multiple SMS (Short Message
Norwegian operators advance Strex mobile payments brand
Service) -based payment systems into one, enabling Strex to offer their users a single mobile wallet with which they can pay for any digital or physical good or service, send money to friends and family and pay bills using either SMS, Web, USSD (Unstructured Supplementary Service Data) or via a mobile app. Strex users can load their mobile wallet from their bank account, credit card or debit card, or use their carrier bill for mobile purchases.
“Mobile financial services are already very popular in Norway, with Strex handling more than 75 million SMS-based payment transactions annually,” said Hege Kosberg, chief executive officer of Strex. “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.”
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