On Mother’s Day, Celebrate Mom with $0-Fee BOSS Money Transfers
Rhea-AI Summary
BOSS Money, IDT Corporation's (NYSE: IDT) remittance service, announced a special Mother's Day promotion offering $0-fee international money transfers. New customers can enjoy zero-fee transfers with specific benefits: first two transfers free to all destinations, first five transfers free to Mexico, and unlimited free transfers to select African countries and Venezuela.
Existing customers can use promotional codes during specific periods: "MOM" (May 5-11) for all destinations, "MOMMY" (May 21-25) for select countries including Dominican Republic and Haiti, and "MAMA" (May 26-30) for Nicaragua. The service offers various payout options including cash pick-up, mobile money, bank deposits, and debit card transfers through the BOSS Money app.
Positive
- Promotional $0-fee transfers can help attract new customers and increase market share
- Multiple payout options available including cash pick-up, mobile money, and bank deposits
- Strategic expansion of services in key remittance markets across Latin America, Caribbean, Africa, and South Asia
Negative
- Limited-time promotion may not significantly impact long-term revenue
- Zero-fee transfers could temporarily reduce transaction revenue
News Market Reaction – IDT
On the day this news was published, IDT gained 1.27%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Newark, NJ, May 01, 2025 (GLOBE NEWSWIRE) -- BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced promotional
“BOSS Money has removed money transfer fees for Mother’s Day to make celebrating Moms everywhere easy and economical,” said Michelle Rendo, VP Marketing for BOSS Money. “Mother’s Day is a celebration of connection, love, and appreciation that transcends borders. A transfer on Mother’s Day is a wonderful way to say, ‘Thank you, Mom!’”
New BOSS Money customers can take advantage of
$0 -fee on the first two (2) transfers to all BOSS Money destination countries;$0 -fee on the first five (5) transfers to Mexico;$0 -fee for unlimited transfers to Cameroon, Ghana, Nigeria, Kenya, Uganda, Senegal, and Venezuela.
Mother’s Day is on Sunday, May 11th in the USA, but on different days in some other nations. To reflect this variation, BOSS Money is offering current BOSS Money customers two (2)
- May 5 to May 11th -- to all BOSS Money country-destinations with promo code "MOM";
- May 21 to May 25th -- to the Dominican Republic, Bolivia, Haiti, Burkina Faso, Ivory Coast, and Madagascar with promo code “MOMMY”;
- May 26 to May 30th -- to Nicaragua with promo code “MAMA”.
To begin a BOSS Money
To learn more about our low fees, competitive exchange rates and exclusive promotions visit bossmoney.com.
ABOUT BOSS MONEY
BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.
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.
*Exclusions may apply
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
What is IDT's BOSS Money Mother's Day promotion offering?
When can existing BOSS Money customers use the Mother's Day promotional codes?
What payment options does BOSS Money (IDT) offer for international transfers?
Which countries are eligible for unlimited free transfers with BOSS Money?
