SOURCE: IDT Corporation

IDT Corporation

July 13, 2015 06:00 ET

Boss Revolution Launches Direct-to-Mobile-Wallet International Money Transfer to Kenya and Niger

NEWARK, NJ--(Marketwired - July 13, 2015) - IDT Corporation (NYSE: IDT) announced today that its flagship Boss Revolution international money transfer service has launched a direct-to-mobile-wallet service to Kenya and Niger. Customers can now send money directly from any Boss Revolution money transfer retailer in the U.S. to any Airtel Money account in either country.

Recipients will receive funds in their Airtel Money account within minutes. They can use those funds to pay bills with many of Kenya's and Niger's largest utilities and retailers, to make transfers to other Airtel Money accounts, or to pick-up cash at over 10,000 locations throughout Kenya and over 6,700 throughout Niger.

Kenya disbursement locations include ABC Bank, Chase Bank, Co-Op Bank, Equity Bank, Family Bank, Naivas Supermarket, Nakumatt Supermarkets, Rafiki Bank, Total Service Stations, Tuskys Supermarkets, Uchumi Supermarkets Ltd., and Ukwala Supermarkets.

Niger disbursement locations include Ecobank, Sonibank, Banque Atlantique, BSIC, BIN, BAGRI, Orabank, Asusu, Tanaadi, Capital Finance, Petroleum Stations Total and Oriba.

The new direct-to-mobile-wallet service is a collaborative effort of IDT, Bharti Airtel Limited (operator of the Airtel Money service), and ImpalaPay to make international money transfer to Africa less expensive and more convenient.

"Boss Revolution customers with family and loved ones in Kenya or Niger will find it incredibly easy and affordable to transfer money directly to mobile phones utilizing our new mobile money service," said Alfredo O'Hagan, IDT Corporation's Senior Vice President for Consumer Payments. "We are proud to collaborate with Bharti Airtel Limited and ImpalaPay to break down the barriers to money transfer to Kenya and Niger, and look forward to expanding our direct-to-mobile-wallet service to additional countries in Africa."

IDT, through its flagship Boss Revolution international money transfer service, offers international money transfer through a payment network of over 67,000 locations in 44 countries around the world. To learn more about Boss Revolution money transfer, visit https://www.bossrevolution.com/services/money-transfer.

Bharti Airtel is a leading global telecommunications company, headquartered in New Delhi, with operations in 20 countries across Asia and Africa.

ImpalaPay, a FinTech Company, is a mobile money aggregator serving 20 African countries.

About IDT Corporation:
IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail communications and payment services to foreign born communities, the under-banked and small businesses primarily through its flagship Boss Revolution platform. IDT Telecom's wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

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 Information

  • IDT CORPORATION CONTACT:
    Bill Ulrey
    Phone: (973) 438-3838
    E-mail: Email contact