BOSS Money expands remittance service to Ethiopia with direct depositBy Edlyn CardozaToday BOSS MoneyCloud CommunicationsDirect Deposit ShareIDT Corporation – a global provider of FinTech, cloud communications, and traditional communications services – recently announced its BOSS Money remittance service now offers direct deposit 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. “BOSS Money has attracted a loyal following in the Ethiopian diaspora because of our reliable cash pick-up service, low fees, and favorable exchange rates,” said Alfredo O’Hagan, IDT’s SVP for Consumer Payments. Customers in the United States can also send cash from over 1,000 BOSS Moneyretailers across the country. BOSS Money’s direct deposit option is available to account holders at the following Ethiopian Banks: Abay Bank, Addis International Bank, Awash International Bank, Bank of Abyssinia, Berhan International Bank, Bunna Bank, Commercial Bank of Ethiopia, Cooperative Bank of Oromia, Dashen Bank, Debub Global Bank, Development Bank of Ethiopia, Enat Bank, Lion International Bank, NIB International Bank, United Bank, Wegagen Bank, and Zemen Bank.

Source: Ethiopian News May 13, 2022 10:25 UTC