BOSS Money offers new customers five zero-fee transfers to Mexico and two to other destinations for the holidays.
Quiver AI Summary
BOSS Money, a remittance and payments service of IDT Corporation, has announced new holiday promotions to make money transfers more affordable. Customers can enjoy five zero-fee transfers to Mexico and two zero-fee transfers to other destinations when using their debit card or bank account via the BOSS Money and BOSS Revolution Calling apps. Existing customers will receive a special promo code for additional zero-fee transfers during the holiday week. The company has also expanded payout options, allowing recipients in certain countries to access funds directly to their bank debit cards or mobile wallets. This initiative follows a record month in November, and BOSS Money aims to thank its customers while attracting new users seeking economical ways to send money during the holiday season.
Potential Positives
- BOSS Money is offering five Zero-Fee transfers to Mexico and two Zero-Fee transfers to all other destination countries, attracting new customers with these cost-saving promotions during the holiday season.
- New payout options have been introduced, providing enhanced convenience for customers sending money to several destination countries, including transfers to bank-issued debit cards and mobile wallets.
- The announcement follows a record month in November, indicating strong growth in customer engagement and transaction volume for BOSS Money.
- The promotional campaign serves to thank existing customers while inviting new users to experience BOSS Money's services, potentially increasing brand loyalty and market share.
Potential Negatives
- The announcement of zero-fee transfers could signify a struggle to attract customers without offering concessions, which may indicate underlying competitive pressures in the remittance market.
- Highlights of a busy November may suggest a seasonal spike that could not sustain a longer-term growth trend, raising concerns about future performance.
- The press release is heavily promotional, which may indicate that the company is focusing on short-term sales tactics rather than long-term customer loyalty and value proposition.
FAQ
What are the new Zero-Fee transfer offers from BOSS Money?
BOSS Money is offering five Zero-Fee transfers to Mexico and two Zero-Fee transfers to other countries for new customers.
How can existing BOSS Money customers benefit from the holiday promo?
Existing customers will receive a special promo code for two Zero-Fee transfers between December 20th and 25th, 2024.
Which countries can I send money to with BOSS Money?
BOSS Money allows transfers to 48 popular destination countries, including Mexico and several others in Latin America and the Caribbean.
What new payout options has BOSS Money introduced?
New payout options include direct transfers to bank-issued debit cards and mobile wallets for various countries, including Mexico and Peru.
How does BOSS Money ensure affordable remittance services?
BOSS Money aims to provide the most affordable, reliable, and convenient way to send money, highlighted by their Zero-Fee transfer program.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IDT Insider Trading Activity
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Full Release
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 20
th
and 25
th
.
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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