Trivnet Announcing Commercial Availability of International Mobile Remittance

Tel-Aviv and Barcelona, February 17 - Trivnet, a market leader in mobile payments and commerce solutions, today announced the commercial availability of its cross-network and cross-border mobile money transfer solution. The Trivnet solution consists of three building blocks, all based on the carrier grade TRIV Platform™: the Trivnet Mobile Wallet, the Trivnet Electronic Distribution module, and the Trivnet Business Management module. Trivnet has established partnerships and integrations with global telecom and banking players, to provide Mobile Network Operators with an end-to-end money transfer solution, including the possibility to benefit from Software as a Service (SaaS) schemes and share remittance fees. Amit Mattatia, President and CEO of Trivnet, said, “during the last months we have seen a major increase in the interest of leading mobile network operators, in both developed and emerging markets, to offer mobile money transfer services. Trivnet has already deployed its mobile wallet at multiple operators worldwide and is now actively deploying domestic and international money transfer solutions at several locations. Concurrently, we have teamed up with global and regional service providers who are leveraging our best of breed technology, business know-how and banking partnerships to offer mobile money services to their customers. Trivnet will remain focused on providing mobile network operators with feature rich, high quality, secure and profitable mobile money solutions at an unbeatable time-to-market.” Besides traditional mobile money services such as micropayments and mobile commerce, there is growing interest in person-to-person transfers, bill payment and mobile banking to both banked and un-banked subscribers, while coping with regulatory requirements. The Trivnet field-proven server-based mobile wallet provides end users with access to a wide variety of mobile money services, using multiple payment methods, via different mobile and non-mobile access methods.


About Trivnet Trivnet is a leading participant in the emerging world of mobile remittance services and a key player in mobile payments and commerce industry. Established in 1997 and privately owned, Trivnet was one of the first companies in this domain and has its TRIV Platform™ deployed with multiple service providers and mobile operators around the world. Trivnet has established relations and integrations with leading financial institutions. Amongst the services enabled by Trivnet are: person to person money transfer, mobile and micro-banking, bill payment, mobile distribution of prepaid goods, local and remote electronic top-up, content purchasing, ticketing and all other types of mobile commerce performed remotely or at point of sale.