BOSS Money, the money remittance and payments brand of IDT Corporation (NYSE: IDT), and Africa Global Bank (United Bank for Africa), a leading pan-African financial institution, today announced a collaboration to expand disbursement options for money transfers from the U.S. to Nigeria.
The partnership will enable BOSS Money customers to send U.S. dollars for direct deposit at any of the approximately 20 million United Bank for Africa (UBA) accounts in Nigeria.
Our collaboration enables BOSS Money customers to send money to the UBA bank accounts of family and friends in Nigeria for receipt in a matter of minutes,” said Alfredo O’Hagan, IDT’s SVP for Consumer Payments. “We are delighted to partner with UBA, a trusted leader in personal banking services, to power convenient, reliable, affordable, and timely money transfers to Nigeria.”
Speaking of the partnership, UBAs Head of Personal Banking, Ogechi Altraide, said, “Our alliance with BOSS Money enables customers to enjoy stress-free, seamless transfers to Nigeria. We are very optimistic that our collaboration will significantly enhance remittances to our millions of customers across Nigeria.”
Through the partnership, BOSS Money customers will be able to transfer up to US$100 to Nigeria for as little as US$3.99 or transfer up to US$2,999 for as little as US$6.99 when using the BOSS Money or BOSS Calling apps.
The highly rated BOSS apps are free on the App Store and on Google Play. Senders utilizing either BOSS app or the bossrevolution.com website for the first time pay no fees on transfers up to US$300. Customers can also send cash directly from BOSS Money retailers across the U.S.
BOSS Money now offers remittances from the U.S. to 50 countries via 1,300 payers at over 315,000 cash pick-up locations in addition to mobile money and direct deposit services.