BOSS Money Launches Naira Currency Payout Option for Remittances to Nigeria
18 7월 2023 - 9:59PM
BOSS Money, the money remittance service of IDT Corporation (NYSE:
IDT), today announced the introduction of naira currency
remittances for its customers sending cash to friends and family
through direct deposit payout at commercial banks throughout
Nigeria.
“BOSS Money customers sending money for direct
deposit in Nigeria can now choose between the naira and U.S.
dollar,” said Alfredo O’Hagan, IDT’s SVP for Consumer Payments.
“Our naira direct deposit option enables Nigerians to quickly and
securely receive and use the money sent by friends and family in
the United States.”
The new naira payout option supplements BOSS
Money’s robust U.S. dollar payout network in Nigeria. Its launch
follows the Central Bank of Nigeria’s decision, announced earlier
this month, to allow overseas remittances to be paid out in
naira.
Through the popular BOSS Money and BOSS
Revolution Calling apps, customers in the United States can now
send up to $2999 to Nigerian bank accounts for payout in naira for
a $0 fee through August 31, 2023 when using their debit card.
The highly rated BOSS apps are free on the App
Store and on Google Play. Senders utilizing either BOSS app or the
bossrevolution.com website for the first time pay no fees on
transfers up to $2999.
Customers can also send from licensed Boss
Revolution retailers across the United States.
Among the 26 Nigerian banks accepting BOSS Money
remittances are Access Bank, Ecobank, Fidelity Bank, First Bank,
First City Monument Bank, GT Bank, Polaris Bank, Stanbic IBTC Bank,
United Bank for Africa, Union Bank and Zenith Bank. The complete
list of participating Nigerian banks is provided in the BOSS
apps.
BOSS Money now offers remittances from the
United States to Nigeria and 46 other countries at over 280,000
cash pick-up locations in addition to mobile money and direct
deposit services.
About IDT Corporation:
IDT Corporation (NYSE: IDT) is a global provider
of fintech, cloud communications, and traditional communications
services. We make it easy for families to contact and support each
other across international borders. We also enable businesses to
transact and communicate with their customers with enhanced
intelligence and insight.
Our BOSS Money international remittance, IDT
Digital Payments and BOSS Revolution international calling services
make sending money, paying for products and services, and speaking
with friends and family around the world convenient and reliable.
National Retail Solutions’ (NRS) point-of-sale retail network
enables independent retailers to operate and process transactions
more effectively while providing advertisers and consumer marketers
with unprecedented reach into underserved consumer markets.
net2phone’s communications-as-a-service solutions provide
businesses with intelligently integrated cloud communications and
collaboration tools across channels and devices. Our IDT Global and
IDT Express wholesale offerings enable communications service
enterprises to provision and manage international voice and SMS
services.
All statements above that are not purely about
historical facts, including, but not limited to, those in which we
use the words “believe,” “anticipate,” “expect,” “plan,” “intend,”
“estimate,” “target” and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. While these forward-looking statements
represent our current judgment of what may happen in the future,
actual results may differ materially from the results expressed or
implied by these statements due to numerous important factors. Our
filings with the SEC provide detailed information on such
statements and risks and should be consulted along with this
release. To the extent permitted under applicable law, IDT assumes
no obligation to update any forward-looking statements.
Contact:Bill Ulrey IDT
Investor RelationsPhone: (973) 438-3838E-mail: invest@idt.net
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