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IDT (NYSE: IDT), a provider of fintech, cloud, and traditional communications solutions, will report its Q3 fiscal 2024 results on June 5, 2024, covering the three months ending April 30, 2024. The earnings release will be available on the IDT investor relations website at 4:30 PM Eastern, followed by a conference call at 5:30 PM Eastern. The call will include a management discussion and Q&A. Interested parties can participate by dialing the provided numbers and access codes. The replay of the call will be available until June 19, 2024. IDT operates various services including National Retail Solutions, net2phone, BOSS Money, IDT Digital Payments, and IDT Express.
BOSS Money, the international remittance service of IDT , reported a record number of money transfers during the week leading up to Mother’s Day, May 12, 2024.
Transactions increased by 46% year-over-year, with a 41% rise in revenue. The surge was particularly notable in the 22 destination countries celebrating Mother’s Day that week, where transactions grew by 56%.
BOSS Money services 48 countries across Latin America, the Caribbean, Africa, and South Asia, with 244,000 cash pick-up locations and additional mobile and bank deposit options. The service is accessible via the BOSS Money and BOSS Calling apps, or through licensed retailers. New users enjoy fee-free initial transfers up to $2,999.
NRSInsights reported a 2.5% increase in same-store sales year-over-year for April 2024, with inflationary pressures easing. The NRS network now has over 30,000 active terminals nationwide, serving independent retailers. The company is focused on delivering value through technology to help retailers operate profitably.
