IDT Corporation, a global provider of fintech, cloud communications, and traditional communications services, announced today that it is rebranding its Africa-based Leaf Wallet app to IDT’s flagship financial services brand, BOSS Money.
The rebranding is part of a broader initiative to leverage the key technologies of Leaf Wallet to gradually expand across Africa allowing U.S. consumers to send money transfers directly to family and friends in the Continent.
The newly branded BOSS Money wallet will continue to use the Leaf Wallet’s innovative, blockchain-based technology on the Stellar Network, so that customers across Africa can safely store, send, receive, and exchange currencies on their phones domestically and across borders. The wallet will continue to allow customers to access funds and transact on feature phones utilizing a USSD interface accessed via a short code and via the app.
The Boss Money wallet will enable customers across Africa to receive money in their local currency directly from customers in the U.S using the BOSS Money app. Transferred funds can be used to purchase airtime, pay bills locally, and send to other BOSS Money users across Africa for free. Funds can also be cashed out to the recipient’s bank account or their mobile operator’s wallet.
“We see a tremendous opportunity across Africa to grow our footprint and reach millions of new customers with the BOSS Money wallet and to connect both our current and new customers to their family and friends in the U.S.,” said Nat Robinson, Leaf’s CEO.
The newly rebranded BOSS Money app is already available for download in Kenya, Uganda, and Rwanda, and will soon be available in Nigeria, Ghana, Zambia, and Tanzania.
“BOSS Money will enable customers in the U.S. to send money safely and securely within seconds like a local to family, friends, and loved ones across Africa. Recipients of the funds can use their BOSS Money wallet to choose how, when, and where to access those funds,” said Grace Anyetei, IDT’s Regional Director of Operations based in Nairobi, Kenya.
Distributed by APO Group on behalf of Boss Money.
About IDT Corporation:
IDT Corporation (https://www.IDT.net/) is a global provider of fintech, cloud communications, and traditional communications services. We help families to share, communicate and support each other across international borders. We also enable businesses to transact and communicate with their customers with enhanced intelligence and insight.
Our National Retail Solutions’ (NRS) (https://NRSplus.com/) point-of-sale network enables independent retailers to operate and process transactions more effectively while providing advertisers and consumer marketers with unprecedented reach into underserved consumer markets. Our BOSS Money international money remittance (https://bit.ly/3HJUxs3) and mobile top-up (https://bit.ly/3RGhj8T) services offer convenient and reliable value transfers. Our BOSS Revolution (https://bit.ly/3DT3a2l) calling service provides dependable voice and messaging communications globally. net2phone’s (https://www.net2phone.com/) unified communications and contact center solutions provide businesses with intelligently integrated cloud communications and collaboration tools across channels and devices. Our IDT Global (https://IDTglobal.com/) and IDT Express (https://www.IDTexpress.com/) wholesale offerings enable communications service enterprises to provision and manage international voice and SMS services.
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.