back Back

BOSS Money and UBA partner to expand remittance options in Nigeria

By Edlyn Cardoza

September 20, 2022

  • Africa Global Bank
  • BOSS Money
  • Financial Institution

BOSS Money, Money Remittance, IDT Corporation, Africa Global Bank, United Bank for Africa, Financial Institution, Money Transfer, Mobile Money, NigeriaBOSS Money, the money remittance and payments brand of IDT Corporation, and Africa Global Bank (United Bank for Africa), a pan-African financial institution, 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 Nigeria’s approximately 20 million United Bank for Africa (UBA) accounts.

“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.”

UBA’s 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 can transfer up to US$100 to Nigeria for as little as US$3.99 or up to US$2,999 for as little as US$6.99 when using the BOSS Money or BOSS Calling apps. 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.

IBS Intelligence reported that IDT Corporation had announced that its BOSS Money remittance service offers direct deposits to approximately 40 million accounts across Ethiopian banks. The expanded service, powered by Terra Pay, enables BOSS Money customers in the United States to send cash directly to the bank accounts of family and friends in Ethiopia for receipt within minutes.

Previous Article

September 20, 2022

MLTPLY announces the launch of InsurTech-as-a-Service company, Proxima

Read More
Next Article

September 20, 2022

Citadel Credit Union chooses Lumin Digital as a digital banking services partner

Read More

IBSi Daily News Analysis

Saudi Arabia, banks,

February 26, 2024

Africa Global Bank

UAE banking pulse: robust growth and profitability signal positive outlook

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


REPAY teams up with Maxyfi to simplify the collection of payments

Read More


Quaint Oak Bank taps Finzly for payment modernisation & embedded banking

Read More


Tink to join Europe’s SEPA Payment Account Access scheme

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023