IDT Corporation, an international startup that offers fintech services, traditional communications and cloud communications, has announced that it will be rebranding its Africa-based Leaf Wallet app to IDT’s flagship financial services brand, BOSS Money.
The rebranding is part of a larger plan that aims to utilize the key technologies of Leaf Wallet in to expand across Africa gradually. This will enable consumers in the United States to send money transfers directly to family and friends who live on the Continent.
Customers throughout Africa will be able to safely store, send, receive, and convert currencies on their mobile phones through the newly branded BOSS Money wallet, which will continue to employ the cutting-edge blockchain-based technology that the Leaf Wallet developed and implemented on the Stellar Network.
Customers will still be able to access their funds and conduct transactions on feature phones by employing a USSD interface that can be accessed via a short code and the wallet application.
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More on Leaf Wallet rebranding
Customers in the United States who use the BOSS Money app will be able to send money to customers in Africa in their native currency using the BOSS Money wallet.
Customers in Africa will be able to receive this money directly. Funds that have been transferred can be utilized to make local bill payments, buy airtime, and send money for free to other people who use BOSS Money across Africa.
It is also possible to transfer the money to the recipient’s bank account or the wallet that their mobile service provider provides.
As the CEO of Leaf, Nat Robinson, stated, “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 United States.” “We see a tremendous opportunity across Africa to grow our footprint and reach millions of new customers with the BOSS Money wallet,”
The newly rebranded BOSS Money app is already available for download in the countries of Kenya, Uganda, and Rwanda. It will also soon be accessible in the countries of Nigeria, Ghana, Zambia, and Tanzania.
Customers in the United States will be able to use BOSS Money to send money to loved ones, friends, and family members in Africa in a safe and secure manner within a matter of seconds, just like a local. According to Grace Anyetei, IDT’s Regional Director of Operations based in Nairobi, Kenya, recipients of the cash can utilize their BOSS Money wallet to determine how, when, and where to access those funds.
About the Boss Money App
The BOSS Money App is relied on by millions of consumers on a daily basis so that they may remain in touch with their loved ones throughout the world, send money to them, and recharge their phones. Recharge Mobile Phones: You may easily add credit to the mobile phones of your friends and relatives who use prepaid plans in more than 90 countries and with more than 150 carriers.
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