Telefonica Selects Trivnet to Provide Mobile Financial Services in Latin America

MADRID and TEL AVIV, February 10 - Telefonica, one of the world's leaders in the telecommunications sector,
and Trivnet, provider of the most powerful transaction management platform
for delivering secured Mobile Financial Services (MFS), announced today that
Trivnet has been selected to provide MFS to Telefonica's Movistar customers
in Latin America. A wide range of services, including person-to-person mobile
money transfer, mobile commerce, bill payment and mobile banking will be
offered.

"We chose Trivnet as our provider of Mobile Financial Services based on
their superior technology and expertise," commented Jaime Grau, Transactional
Business Director at Telefonica Latinoamerica. "We also wanted to work with a
partner which understands the unique characteristics of Latin America.
Trivnet proved their capability to work closely with us to create the optimal
MFS ecosystem which includes banking, merchant, government agency and bill
payment partners."

"Trivnet is proud to support Telefonica in its Latin American rollout of
Mobile Financial Services," commented Amit Mattatia, CEO of Trivnet. "We are
reinforcing our leadership position as a global supplier to both emerging and
developed market MFS, as proven within the Telefonica Group and in previous
European and Latin American deployments outside of this group. We are
thrilled to have the opportunity to provide access to much needed MFS to a
greater number of people".

About Telefonica www.telefonica.com

Telefonica is one of the world's largest telecommunications operators,
offering fixed and mobile telephony, while its broadband business is the key
growth driver underpinning both. It operates in 25 countries and has a global
customer base of 268 million. Telefonica's growth strategy is focused on the
markets in which it has a strong foothold: Spain, Europe, and Latin America.
Telefonica investors include more than 1.5 million direct shareholders.

Telefonica Latinoamerica offers fixed, mobile and broadband services in
Latin America, achieving a presence in all of the key Latin American markets:
Argentina, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico,
Nicaragua, Panama, Peru, Uruguay, and Venezuela.

About Trivnet www.Trivnet.com

Trivnet provides the most powerful transaction management platform to
deliver a comprehensive suite of secured Mobile Financial Services (MFS). By
enabling the creation of an MFS eco-system, Trivnet provides Mobile Network
Operators with services that are proven to increase their subscriber base,
enhance loyalty and drive ARPU.

Trivnet's carrier grade TRIV Platform(TM) is already deployed in operator
networks all around the world. The company has close relations with leading
banks, system integrators, service providers, security vendors and merchant
networks.

Founded in 1997, privately owned, and the partner of choice in leading
MFS eco-systems around the world, Trivnet is all about MAKING MONEY
MOBILE(TM).

    Media Contact:
    Trivnet:
    Stacy Fassberg
    stacy@trivnet.com
    +972-544-234-976

Media Contact: Trivnet: Stacy Fassberg, stacy at trivnet.com, +972-544-234-976