BOSS Money Digital Customers Send Record Remittances to Mom for Mother’s Day
Rhea-AI Summary
BOSS Money, the remittance brand of IDT (NYSE: IDT), reported record Mother’s Day 2026 activity. For the week ended May 10, 2026, digital customers sent 49% more principal via 27% more remittances to eight destination countries celebrating Mother’s Day, compared to 2025.
Digital usage was high, with 87% of transfers initiated through the BOSS Money and BOSS Revolution apps. The service reaches 50 destination countries, and the BOSS Money app is rated 4.9 by FXC Intelligence, with over 110,000 five-star reviews across major app stores.
Positive
- Mother’s Day principal volume to eight countries up 49% year over year
- Remittance transaction count to those countries up 27% year over year
- 87% of transfers during the week were initiated through digital apps
- Remittance service now covers 50 popular destination countries
- BOSS Money app holds 4.9 rating in FXC Intelligence rankings
- Over 110,000 five-star reviews across Apple App Store and Google Play
Negative
- None.
News Market Reaction – IDT
In the May 12 session, IDT gained 0.96%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 08 | Retail data update | Positive | -0.0% | NRSInsights reported April 2026 same-store sales and transaction growth trends. |
| Apr 06 | Retail data update | Positive | +2.0% | NRSInsights reported March 2026 same-store sales gains and category trends. |
| Mar 17 | Investor conference | Neutral | +0.4% | Announcement of IDT presentation at the Sidoti Virtual Investor Conference. |
| Mar 12 | Retail data update | Positive | -1.4% | NRSInsights reported February 2026 same-store sales and network growth. |
| Mar 10 | Earnings results | Positive | -3.5% | 2Q FY2026 results with higher revenue, EBITDA, cash, and raised guidance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive operating and earnings updates have sometimes been met with flat or negative next-day price moves, suggesting occasional disconnect between fundamentals news and short-term trading.
Over the last few months, IDT has reported steady operational progress. NRSInsights’ reports in February–April 2026 highlighted year-over-year same-store sales growth and rising terminal-processed volumes. On March 10, 2026, IDT posted higher revenue of $320.5M, gross profit of $121.3M, and raised FY26 Adjusted EBITDA guidance to $147–149M, alongside a 17% dividend increase. A Sidoti conference appearance on March 18–19, 2026 provided additional investor visibility. Today’s BOSS Money usage update fits into this broader narrative of growing fintech and retail data businesses.
Key Terms
remittance financial
mobile wallets technical
point-of-sale (POS) technical
cloud communications technical
neo-banking financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Send Volume to Countries Celebrating Mother’s Day Jumps
NEWARK, N.J., May 12, 2026 (GLOBE NEWSWIRE) -- BOSS Money, the international money remittance service of IDT Corporation (NYSE: IDT), today announced that its customers sent moms a record amount of principal and remittances using the BOSS Money and BOSS Revolution apps during the week leading up to and including Mother’s Day on May 10th, 2026.
For the week ended May 10th, 2026, BOSS Money digital customers sent
BOSS Money is a leading digital-first money remittance provider.
“We are honored that so many new and returning customers entrusted BOSS Money to deliver their hard-earned money to mom this Mother’s Day,” said Michelle Rendo, BOSS Money’s VP of Marketing. “It is our privilege to help bring families closer together on mom’s special day.”
BOSS Money’s international remittance service provides affordable, reliable money transfers for residents of the U.S. to 50 popular destination countries in Latin America, the Caribbean, Africa, and South Asia.
In its most recent rankings, FXC Intelligence recognized BOSS Money as the top-rated money transfer app, with a near-perfect 4.9 rating. Across the Apple App Store and Google Play, BOSS Money has over 110,000 five-star reviews.
See a Spanish language sample of BOSS Money Mother’s Day campaign here.
Download the BOSS Money app on iOS or Android or visit bossmoney.com.
Stay connected and follow BOSS Money on Instagram, Facebook and TikTok @bossmoney.official.
*The rates of increase in principal and transactions for Mother’s Day 2026 compare the seven days leading up to and including Mother’s Day 2026 (May 4th to 10th) to the comparable week in 2025 (May 5th to 11th). For ‘destination countries that celebrated Mother’s Day,’ the rates of increase reflect transfers originated in the U.S. to the 8 destination countries served by BOSS Money that celebrated Mother’s Day during the weeks ended Sunday, May 10th, 2026, and Sunday, May 11th, 2025.
ABOUT BOSS MONEY
BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options, including bank deposits, cash pick-up, mobile wallets, direct-to-debit, and home delivery. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps, WhatsApp or through licensed BOSS Money retailers. BOSS Money is the remittance and payments brand of IDT Corporation (NYSE: IDT).
ABOUT IDT CORPORATION
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications services 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; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT’s fintech and neo-banking services include BOSS Money, a popular international remittance business, as well as other services that make saving, spending, and sharing money easy and secure; IDT Digital Payments and BOSS Revolution Calling 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:
Bill Ulrey
IDT Investor Relations
Phone: (973) 438-3838
E-mail: invest@idt.net
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