BOSS Money Launches Remittance Service to Jamaica
IDT Corporation (NYSE: IDT) has launched its BOSS Money remittance service to Jamaica, enabling users in the U.S. to send cash to family and friends instantly in Jamaican Dollars. Transfers up to US$1,000 cost US$3.99, and first-time senders can transfer up to US$300 free of charge. With this launch, BOSS Money now services 50 countries through 1,250 payout locations worldwide. The collaboration with LASCO Financial Services aims to simplify financial transactions for the Jamaican diaspora.
- Launch of BOSS Money remittance service to Jamaica, increasing international transaction capabilities.
- Competitive fees at US$3.99 for transfers up to US$1,000 and no fees for first-time senders up to US$300.
- Expansion into 50 countries with 1,250 payout locations enhances market presence.
- None.
Partners with LASCO for Convenient and Affordable Payments Across Jamaica
Newark, NJ., March 21, 2022 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT) today announced that it has launched its BOSS Money remittance service to Jamaica. BOSS Money customers in the United States can now send cash to family and friends on the island for pick up in Jamaican Dollars within minutes at participating LASCO Financial Services Ltd.’s (LFSL) LASCO Money locations throughout the island.
“We are delighted to launch our money transfer service to Jamaica,” said Alfredo O’Hagan, IDT’s SVP for Consumer Payments. “Our partnership with LFSL makes sending cash to, and receiving cash in, Jamaica very easy. In the coming months, we’ll be adding other payout options as we work to become the ‘go-to’ money transfer service for the Jamaican diaspora.”
“This partnership with BOSS Money aligns with our quest to provide Jamaicans with convenient, safe and simple solutions that will suit their immediate needs,” said LFSL Managing Director, Jacinth Hall-Tracey. “Family members living in the U.S. will be able to send their loved ones money through Boss Money and receivers can collect from participating LASCO Money agent locations.”
Senders can transfer up to US
With the launch of the Jamaica corridor, BOSS Money now offers remittances from the United States to 50 countries via 1,250 payers at over 328,000 locations worldwide.
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 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. Our 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 unified communications as a service solution provides 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.
Contact:
Bill Ulrey
IDT Investor Relations
Phone: (973) 438-3838
E-mail: invest@idt.net
FAQ
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