BOSS Money and UBA Partner to Expand Remittance Options to Nigeria
19 Setembro 2022 - 9:30AM
BOSS Money, the money remittance and payments brand of IDT
Corporation (NYSE: IDT), and Africa Global Bank (United Bank for
Africa), a leading pan-African financial institution, today
announced a collaboration to expand disbursement options for money
transfers from the U.S. to Nigeria. The partnership will enable
BOSS Money customers to send U.S. dollars for direct deposit at any
of the approximately 20 million United Bank for Africa (UBA)
accounts in Nigeria.
“Our collaboration enables BOSS Money customers
to send money to the UBA bank accounts of family and friends in
Nigeria for receipt in a matter of minutes,” said Alfredo O’Hagan,
IDT’s SVP for Consumer Payments. “We are delighted to partner with
UBA, a trusted leader in personal banking services, to power
convenient, reliable, affordable, and timely money transfers to
Nigeria.”
Speaking of the partnership, UBAs Head of
Personal Banking, Ogechi Altraide, said, “Our alliance with BOSS
Money enables customers to enjoy stress-free, seamless transfers to
Nigeria. We are very optimistic that our collaboration will
significantly enhance remittances to our millions of customers
across Nigeria.”
Through the partnership, BOSS Money customers
will be able to transfer up to US$100 to Nigeria for as little as
US$3.99 or transfer up to US$2,999 for as little as US$6.99 when
using the BOSS Money or BOSS Calling apps.
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 US$300. Customers can also send cash directly from
BOSS Money retailers across the U.S.
BOSS Money now offers remittances from the U.S.
to 50 countries via 1,300 payers at over 315,000 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 help families to share, communicate and
support each other across international borders. We also enable
businesses to transact and communicate with their customers with
enhanced intelligence and insight.
Our National Retail Solutions’ (NRS)
point-of-sale network enables independent retailers to operate and
process transactions more effectively while providing advertisers
and consumer marketers with unprecedented reach into underserved
consumer markets. Our BOSS Money international money
remittance and mobile top-up services offer
convenient and reliable value transfers. Our BOSS
Revolution calling service provides dependable voice and
messaging communications globally. net2phone’s unified
communications and contact center 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.
About Africa Global Bank (United Bank
for Africa):
UBA is a leading pan-African financial
institution, offering banking services to more than thirty-seven
million customers across 1,000 business offices and customer touch
points in 20 African countries. With presences in New York, London,
Paris and the UAE, UBA is connecting people and businesses globally
through retail, commercial and corporate banking, innovative
cross-border payments and remittances, trade finance and ancillary
banking 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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