Overview

IDT Corporation provides low-cost international communication and payment services. The company initially focused on affordable international calling solutions and introduced a two-way international calling service in 1993. In 2009, IDT launched BOSS Revolution, which simplified international calling by removing the need for a PIN code, making it popular for its ease of use and cost-effectiveness. In 2013, BOSS Revolution expanded to include international money transfers, catering to U.S. consumers sending money abroad. IDT's business model is centered on offering these services at competitive rates, attracting a large customer base that values savings and convenience. The company generates revenue through fees for its calling and money transfer services and ensures reliability by conducting stress tests to manage high demand. Additionally, IDT offers gift card solutions through its Awards2Go brand, diversifying its offerings.

Simplify's Take

What believers are saying

• Expansion of BOSS Money app into Francophone Africa enhances financial inclusion.
• Zendit taps into growing demand for cloud-based financial services.
• Investor confidence is strong with new investments from multiple entities.

What critics are saying

• Increased competition in fintech could impact IDT's market share.
• Regulatory challenges may affect BOSS Money's expansion in Francophone Africa.
• Real estate development in Newark may face financial liabilities or delays.

What makes IDT Corporation unique

• IDT offers low-cost international communication and payment services since 1990.
• BOSS Revolution simplifies international calls by eliminating PIN codes since 2009.
• Zendit provides a scalable prepaid cloud platform for financial services.

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