Trivnet Expands in LATAM

TEL-AVIV, Israel, December 2 -- Trivnet, provider of the most powerful transaction management platform for delivering secured Mobile Financial Services (MFS), announced today that it has increased its footprint in Latin America, marking the beginning of a series of deployments which will be disclosed in the near future. Today it was revealed that, in conjunction with Comverse, Trivnet will expand service with Telesur in Suriname to build a complete Mobile Financial Services (MFS) Distribution Network. Comverse has already deployed Trivnet's platform at Telesur in 2007, providing an airtime recharge and person to person (P2P) value transfer service that has meanwhile achieved some of the highest P2P transfer usage rates in the world.


"Latin America is a dynamic market and we will continue to expand in the region," commented Amit Mattatia, CEO of Trivnet. "Trivnet provides mobile network operators (MNOs) with the opportunity to deliver a comprehensive suite of branded MFS that increase loyalty and generate significant revenue. As competition for money transfer and payments heat up, MNOs should leverage their inherent advantages, such as airtime distribution networks and prepaid user recharge habits, to take a leadership role in this emerging industry, working closely with those banking partners who understand the value of MFS and the unique assets MNOs have in this space."