BOSS Money Says ‘Thank You’ with Zero-Fee Money Transfers for the Holidays
BOSS Money, IDT 's (NYSE: IDT) remittance brand, announced holiday promotions featuring zero-fee money transfers. New customers can enjoy five free transfers to Mexico and two free transfers to other destinations when using debit cards or bank accounts through their apps. Existing customers will receive a promo code for two free transfers between December 20-25.
The company expanded payout options, enabling direct transfers to bank-issued debit cards in Dominican Republic, Guatemala, Honduras, Jamaica, and Philippines. Additionally, customers can now transfer to mobile wallets in Mexico (Bankaya, Mercado Pago, Spin by Oxxo, Techreo) and Peru (Yape). November marked their busiest month ever, surpassing May's Mother's Day performance with strong growth in customers and transactions.
BOSS Money, il marchio di rimesse di IDT (NYSE: IDT), ha annunciato promozioni per le festività con trasferimenti di denaro senza commissioni. I nuovi clienti possono usufruire di cinque trasferimenti gratuiti verso il Messico e due trasferimenti gratuiti verso altre destinazioni utilizzando carte di debito o conti bancari attraverso le loro app. I clienti esistenti riceveranno un codice promozionale per due trasferimenti gratuiti tra il 20 e il 25 dicembre.
L'azienda ha ampliato le opzioni di pagamento, consentendo trasferimenti diretti a carte di debito emesse da banche nella Repubblica Dominicana, Guatemala, Honduras, Giamaica e Filippine. Inoltre, i clienti possono ora trasferire denaro a portafogli mobili in Messico (Bankaya, Mercado Pago, Spin by Oxxo, Techreo) e in Perù (Yape). Novembre ha segnato il mese più intenso di sempre, superando le performance del mese di maggio dedicate alla festa della mamma con una forte crescita dei clienti e delle transazioni.
BOSS Money, la marca de remesas de IDT (NYSE: IDT), anunció promociones para las festividades con transferencias de dinero sin comisiones. Los nuevos clientes pueden disfrutar de cinco transferencias gratuitas a México y dos transferencias gratuitas a otros destinos al usar tarjetas de débito o cuentas bancarias a través de sus aplicaciones. Los clientes existentes recibirán un código promocional para dos transferencias gratuitas entre el 20 y el 25 de diciembre.
La empresa ha ampliado las opciones de pago, habilitando transferencias directas a tarjetas de débito emitidas por bancos en la República Dominicana, Guatemala, Honduras, Jamaica y Filipinas. Además, los clientes ahora pueden transferir a billeteras móviles en México (Bankaya, Mercado Pago, Spin by Oxxo, Techreo) y Perú (Yape). Noviembre marcó su mes más ocupado de la historia, superando el rendimiento del Día de la Madre en mayo con un fuerte crecimiento en clientes y transacciones.
BOSS Money는 IDT의 (NYSE: IDT) 송금 브랜드로, 수수료 없이 할인이벤트를 발표했습니다. 신규 고객은 앱을 통해 직불카드나 은행 계좌를 사용할 경우 멕시코로 5회, 다른 국가로 2회의 무료 송금을 이용할 수 있습니다. 기존 고객은 12월 20일부터 25일 사이에 사용할 수 있는 2회의 무료 송금 코드가 제공됩니다.
회사는 도미니카 공화국, 과테말라, 온두라스, 자메이카, 필리핀으로의 직접 송금을 가능하게 하여 지불 옵션을 확대했습니다. 또한, 고객은 이제 멕시코(Bankaya, Mercado Pago, Spin by Oxxo, Techreo)와 페루(Yape)의 모바일 지갑으로 송금할 수 있습니다. 11월은 고객 및 거래 성장으로 인해 역사상 가장 바쁜 달이 되었으며, 5월 어머니의 날의 성과를 초과했습니다.
BOSS Money, la marque de remises d'IDT (NYSE: IDT), a annoncé des promotions de vacances offrant des transferts d'argent sans frais. Les nouveaux clients peuvent bénéficier de cinq transferts gratuits vers le Mexique et de deux transferts gratuits vers d'autres destinations en utilisant des cartes de débit ou des comptes bancaires via leurs applications. Les clients existants recevront un code promotionnel pour deux transferts gratuits entre le 20 et le 25 décembre.
L'entreprise a élargi ses options de paiement, permettant des transferts directs vers des cartes de débit émises par des banques en République dominicaine, au Guatemala, au Honduras, en Jamaïque et aux Philippines. De plus, les clients peuvent désormais transférer vers des portefeuilles mobiles au Mexique (Bankaya, Mercado Pago, Spin by Oxxo, Techreo) et au Pérou (Yape). Novembre a été le mois le plus chargé de l'histoire, dépassant les performances de la fête des mères de mai avec une forte croissance du nombre de clients et des transactions.
BOSS Money, die Überweisungsmarke von IDT (NYSE: IDT), hat Weihnachtsaktionen angekündigt, die gebührenfreie Geldüberweisungen bieten. Neue Kunden können fünf kostenlose Überweisungen nach Mexiko und zwei kostenlose Überweisungen zu anderen Zielen nutzen, wenn sie Debitkarten oder Bankkonten über ihre Apps verwenden. Bestehende Kunden erhalten zwischen dem 20. und 25. Dezember einen Aktionscode für zwei kostenlose Überweisungen.
Das Unternehmen hat die Auszahlungsmöglichkeiten erweitert und ermöglicht direkte Überweisungen auf debitkarten von Banken in der Dominikanischen Republik, Guatemala, Honduras, Jamaika und den Philippinen. Darüber hinaus können Kunden jetzt auch Geld an mobile Wallets in Mexiko (Bankaya, Mercado Pago, Spin by Oxxo, Techreo) und Peru (Yape) überweisen. Der November war der geschäftigste Monat in der Geschichte des Unternehmens und übertraf die Leistung des Muttertags im Mai mit starkem Wachstum bei Kunden und Transaktionen.
- Record-breaking transaction volume in November 2023
- Expansion of payout options to include debit cards in 5 countries
- New mobile wallet integration in Mexico and Peru
- Strong customer and transaction growth
- None.
Insights
BOSS Money's strategic holiday promotion comes after a record-breaking November, indicating strong business momentum in IDT's remittance segment. The zero-fee transfers initiative, while potentially impacting short-term transaction revenues, appears designed to accelerate customer acquisition and market share gains in key corridors, particularly Mexico. The expansion of payout options to include mobile wallets and bank-issued debit cards in multiple countries demonstrates IDT's commitment to digital transformation and enhanced user convenience.
The remittance sector's competitive dynamics make customer acquisition costs and retention important metrics. This promotion's timing during peak seasonal remittance flows could help BOSS Money capitalize on network effects and establish longer-term customer relationships, potentially driving sustained revenue growth beyond the promotional period.
The strategic expansion into digital wallets in Mexico through partnerships with Bankaya, Mercado Pago and others positions BOSS Money to capture a larger share of the
This multi-channel approach, combining traditional cash transfers with digital solutions, could help BOSS Money differentiate itself in a crowded market while building a more sustainable competitive advantage.
After a Record November, BOSS Money Welcomes New Customers with Five Zero-Fee Transfers to Mexico and Two Zero-Fee Transfers to All Other Destinations
Newark, NJ , Dec. 11, 2024 (GLOBE NEWSWIRE) -- BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced new holiday deals that make sending money to family and friends in Mexico and around the world more affordable than ever before.
“The holidays are all about sharing the blessings of the season,” said Michelle Rendo, VP Marketing for BOSS Money. “At BOSS Money, it’s an especially joyous time with Zero-Fee transfers to our 48 popular destination countries, and with new payout options enabling recipients to receive and use their cash more easily.”
New BOSS Money customers can celebrate the holiday with five Zero-Fee transfers to Mexico and two Zero-Fee transfers to all other Boss Money destination countries when sending from their debit card or bank account on the BOSS Money and BOSS Revolution Calling apps.
Existing BOSS Money customers will receive a special BOSS Money Holiday Promo Code for two Zero-Fee transfers between December 20th and 25th.
BOSS Money also announced expanded payout options, providing more ways to share the joy:
- Customers sending to the Dominican Republic, Guatemala, Honduras, Jamaica, and the Philippines can send cash directly to their recipient’s bank-issued debit card;
- Customers sending to Mexico and Peru can now use the BOSS Money app to transfer cash to mobile wallets. In Mexico: Bankaya, Mercado Pago, Spin by Oxxo and Techreo. In Peru: Yape.
“We are super-excited to support our customers during the holidays,” said Bill Pereira, IDT’s Chief Operating Officer. “November was our busiest month ever, easily surpassing Mother’s Day back in May, with continued strong growth in customers and transactions. We are grateful that our customers value BOSS Money as the most affordable, reliable, and convenient way to send money to family and friends across borders. This Zero-Fee program is our way to thank our current customers for a wonderful year and invite everyone who has not used BOSS Money to save money while discovering the best way to share the joy of the season.”
ABOUT IDT CORPORATION
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
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
IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net
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FAQ
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