IDT Corporation

What IDT Corporation does

IDT Corporation (NYSE: IDT), founded in 1990 by Howard Jonas and headquartered in Newark, New Jersey, is a diversified communications and fintech company operating across three primary segments: international consumer payments and calling, retail point-of-sale, and cloud communications. Its consumer brands — BOSS Revolution (international calling and mobile top-up) and BOSS Money (digital remittances to 50 countries via 284,795+ cash pick-up locations) — monetize through per-transaction fees on a network of 25,000+ authorized US retail agents plus 87% digital origination through iOS and Android apps. The retail point-of-sale segment is operated through National Retail Solutions (NRS), which has deployed 38,000+ POS terminals and a payment-processing product (NRS Pay) into US independent convenience, liquor, tobacco, and fuel retailers, generating revenue from hardware sales plus processing margin; a 2026 acquisition of OnCore Digital adds a digital media brokerage layer. The cloud communications segment is net2phone, a UCaaS/CCaaS platform serving 420,000+ business seats across 160+ countries through subscription per-seat pricing, with CRM integrations to Salesforce, Zoho, and Microsoft Teams. Wholesale international voice and SMS termination (24B+ minutes and 400M+ SMS annually) is operated through IDT Global and IDT Express, while IDT Finance and justbank provide licensed B2B banking and e-money services across the UK, Gibraltar, EEA, and Israel.

Revenue is generated through four primary mechanics: transaction and take-rate fees on remittances, mobile top-ups, and POS payment processing; subscription and per-seat pricing on net2phone UCaaS/CCaaS; usage-based fees on IDT Global wholesale voice and SMS termination and IDT Express DID services; and transaction fees plus licensed banking margins on IDT Finance card programs. The company distributes through a multi-channel model combining direct digital adoption (BOSS Money/BOSS Revolution apps, IDT Express self-serve portal), a 25,000+ retail distribution network for consumer services, direct and partner-led field sales for net2phone and NRS, and wholesale carrier relationships for IDT Global. Geographic footprint spans the US, Canada, Mexico, Central America, South America (Colombia, Brazil, Argentina, Chile, Uruguay, Guatemala), the UK, Gibraltar, Spain, Poland, Malta, Israel, Belarus, Hong Kong, and African markets served through Leaf Global Fintech (Rwanda, Uganda, Kenya) and Sochitel. IDT has no outstanding debt, an 8.58% free cash flow yield, and FY2026 Adjusted EBITDA guidance of $150–152M (~15% growth) on approximately $1.2B of annual revenue.

Name

IDT Corporation

Legal name

IDT Corporation

Website

https://idt.net

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

IDT Corporation (NYSE: IDT) is a diversified communications and fintech company that provides digital remittances (BOSS Money), point-of-sale systems for independent retailers (NRS), cloud communications for businesses (net2phone), and wholesale international voice and SMS termination (IDT Global), serving multicultural US consumers, SMB retailers, mid-market businesses, and telecom operators globally.

Ownership category

akta.pro rank

Product category

Communications and Payments Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Telephone Call Centers (56142), Telemarketing Bureaus and Other Contact Centers (561422)

SIC

Telephone Communications (No Radiotelephone) (4813), Services-Telephone Interconnect Systems (7385), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ)

akta.pro secondary industry

T&E and Corporate Card Administration Support (BPAAAJAL)

Keywords

• International money transfers
• Cloud communications services
• Point-of-sale systems
• Mobile top-up services
• Wholesale voice termination

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices16 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. International Money Transfers (BOSS Money): Digital remittance service enabling consumers to send money internationally via mobile app or retail network. Customers transfer principal and remittances to over 50 countries; revenue generated per transaction.
2. Mobile Top-Up Services: International prepaid airtime and data top-up services through BOSS Revolution platform. Over 36 million mobile top-up transactions annually.
3. National Retail Solutions (NRS) POS and Payment Processing: Point-of-sale hardware and software sales plus NRS Pay payment processing services to independent retailers across ~38,000+ active terminals.
4. net2phone Unified Communications (UCaaS/CCaaS): Cloud PBX, SIP Trunking, and contact-center-as-a-service subscriptions across 420,000+ business seats. Revenue from per-seat and subscription pricing.
5. IDT Global Wholesale Voice and SMS Termination: International voice and SMS termination services to telecom operators globally; carries over 24 billion international minutes and 400 million SMS annually.
6. IDT Express VoIP and DID Services: Self-serve portal for SMBs to purchase DIDs, manage IPs, select termination quality, and make payments for voice services.
7. International Long Distance Calling (BOSS Revolution): International voice calls via app, web, and retail PIN-less service to over 200 countries.
8. IDT Finance Banking Services: Licensed card and payment solutions across UK, Gibraltar, EEA, and Israel for B2B partners; includes justbank Gibraltar banking services.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels7 records

Core offering

IDT Corporation provides international communications and payment services through multiple flagship brands: BOSS Revolution offers low-cost international calling and mobile top-up to consumers; BOSS Money enables international money transfers to 284,795+ cash pick-up locations in 50 countries; National Retail Solutions (NRS) provides point-of-sale hardware, software, and NRS Pay payment processing to independent U.S. retailers (38,000+ terminals); net2phone delivers cloud-based unified communications (UCaaS/CCaaS), SIP trunking, and AI-powered call tooling to 420,000+ business seats in 160+ countries; and IDT Global/IDT Express operate wholesale voice and SMS termination infrastructure for telecom operators worldwide.

Product overview

IDT Corporation operates as a diversified fintech and communications solutions company with a portfolio of synergistic brands organized across three main segments: Fintech (BOSS Money remittances, IDT Digital Payments/Zendit), Retail POS (National Retail Solutions), and Cloud Communications (net2phone). The company serves consumers and businesses globally through flagship brands including BOSS Revolution for international calling, BOSS Money for international money transfers, NRS for point-of-sale retail solutions, and net2phone for unified communications. The product architecture includes core platforms (BOSS Revolution, NRS, net2phone) with associated sub-products and modules (NRS Pay, net2phone Sync, Huddle, BR Club) as well as ancillary services (IDT Global, IDT Express, Awards2Go). IDT Finance and justbank extend financial services into Europe, UK, and Gibraltar, while strategic acquisitions including Leaf Global Fintech, Sochitel, and OnCore Digital expand capabilities in African fintech, digital distribution, and digital advertising respectively.

Differentiator

Problem solved

Functional benefit

Brands

• BOSS Money: International money transfer service allowing customers to send money to over 284,795 cash pick-up locations in 50 countries through mobile app and retail network.
• BOSS Revolution
• net2phone
• National Retail Solutions (NRS)
• NRS Pay
• IDT Global
• IDT Express
• Awards2Go
• IDT Finance
• justbank
• Zendit
• NRS Petro

Products and services

• BOSS Revolution BOSS Revolution is IDT's flagship consumer international calling and mobile top-up service, offering affordable PIN-less international calls to 200+ countries, prepaid airtime and data top-ups, and text messaging through mobile apps, web, and a 25,000+ retail partner network.
• BOSS Money BOSS Money is an international remittance service that allows U.S. consumers to send money to over 284,795 cash pick-up locations across 50 countries, with 87% of transfers originated digitally through the iOS/Android apps and the option to fund transfers by debit card or ACH to avoid the new 1% federal excise tax.
• National Retail Solutions (NRS) National Retail Solutions (NRS) provides independent U.S. retailers (convenience, liquor, tobacco stores, bodegas, and fuel stations via NRS Petro) with POS hardware and software, NRS Pay payment processing, the BR Club loyalty program and shopping app, and NRSInsights retail analytics, deployed across 38,000+ active terminals and 33,800 independent retailers.
• net2phone net2phone is a feature-rich, cloud-native unified communications platform offering Cloud PBX, SIP Trunking, voice, texting, messaging, the Huddle video conferencing solution, and CCaaS contact-center services across 420,000+ business seats in 160+ countries, with CRM integrations to Microsoft Teams, Salesforce, and Zoho and AI-powered capabilities through net2phone Sync.
• IDT Global IDT Global is a worldwide wholesale provider of international voice and SMS traffic for fixed and mobile telecom operators, carrying more than 24 billion international minutes and 400 million SMS annually with strategic outsource partnerships.
• IDT Express IDT Express is a market leader in global Voice and DID (Direct Inward Dialing) services that provides a self-serve web portal for SMBs, UCaaS/CPaaS/CCaaS providers, and resellers to purchase DIDs, manage IPs, select termination quality, and make payments at market-leading rates.
• IDT Digital Payments (Zendit) IDT Digital Payments (also branded Zendit) offers B2B digital distribution services including mobile top-ups, eSIM solutions, gift cards, and prepaid-as-a-service offerings for partner brands and service providers globally.
• Awards2Go Awards2Go is a B2B incentive, loyalty, and customer appreciation gift card solution that lets businesses of all sizes run branded gift card programs for employees, customers, and promotional campaigns.
• IDT Finance IDT Finance is a fully licensed bank providing electronic money and payment solutions including prepaid and debit card programs (Visa and Mastercard) plus banking-lite capabilities such as Apple Pay, Google Pay, and UK Faster Payments for B2B partners across the UK, Gibraltar, EEA, and Israel.
• justbank justbank is a fully licensed bank in Gibraltar offering corporate banking services to the domestic Gibraltar market with a fresh, modern approach to traditional financial handling for businesses.
• NRS Pay NRS Pay is a proprietary payment processing service for independent retailers, offering transparent pricing, integrated card acceptance, and tight coupling with the NRS POS platform serving thousands of independent merchants.
• net2phone Sync net2phone Sync is a unified business communications platform that integrates voice, video, and messaging with AI-powered call transcription, summarization, and automated follow-ups, plus pre-built CRM integrations and Canadian data residency compliance.
• Huddle Huddle is a video conferencing and virtual meeting solution from net2phone with integrated collaboration features, designed for businesses of all sizes.
• BR Club BR Club is the loyalty program and shopping app within the NRS ecosystem that lets independent store owners offer rewards, discounts, and incentives to their end customers.
• NRS Petro NRS Petro is the NRS point-of-sale platform offering tailored for fuel stations and convenience stores, providing specialized retail management capabilities for petroleum retailers.
• BOSS Wireless BOSS Wireless is a consumer mobile wireless service brand within the BOSS Revolution communications ecosystem, providing affordable wireless service to consumers.
• Pennytalk Pennytalk is a consumer phone service offering low-cost calling options within IDT's portfolio of traditional communication services.
• Leaf Global Fintech Leaf Global Fintech is a digital wallet provider serving unbanked populations in Rwanda, Uganda, and Kenya, leveraging the Stellar blockchain network and stablecoins to enable low-cost cross-border value transfer where traditional banking is unavailable.
• Sochitel Sochitel is a digital distribution platform acquired to expand IDT's offerings across Africa for mobile top-up and money transfer services and to support future financial products.

Quantifiable outcome

• BOSS Money Mother's Day 2026 remittance volume grew 49% year-over-year in principal transferred, with 27% more transactions versus same period last year.
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• Krasdale FoodscoreStrategic or Co-development Partner · 18 February 2026National Retail Solutions (NRS) and Krasdale Foods formed a strategic partnership to provide independent bodegas and small-format stores with combined POS technology and grocery distribution support across the Northeastern United States. The collaboration integrates NRS's data-driven point-of-sale technology with Krasdale Foods' century-long grocery distribution expertise to enhance operational efficiency and profitability for local merchants.
• BOSS Revolution Retailers and DistributorscoreChannel Partner/ Reseller/ DistributorBOSS Revolution partner program allows retailers and distributors to sell BOSS Revolution communications and financial services. Over 10 years of evolution with feature-rich services and a state-of-the-art partner portal.
• net2phone Channel Partners and ResellerscoreChannel Partner/ Reseller/ Distributornet2phone offers a partner program with industry-leading SPIFFs and commissions for cloud communications resellers. net2phone serves 160+ countries with voice, video, and messaging solutions.

Scale indicators23 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Western Union: Western Union is the global leader in cross-border money transfers and the most direct competitor to IDT's BOSS Money and BOSS Revolution remittance services, serving similar immigrant and multicultural consumer segments through an agent network spanning 200+ countries.
• Remitly: Remitly is a digital-first remittance platform competing directly with BOSS Money on cross-border money transfers from the U.S. to emerging markets, with a similar app-led GTM and overlap in Latin America and Asian corridors.
• Wise: Wise (formerly TransferWise) is a digital cross-border payments company competing with BOSS Money on international transfers, with a stronger developed-markets focus but similar mid-market retail FX economics.
• MoneyGram International: MoneyGram is a global remittance company with a physical agent network comparable to BOSS Revolution's 25,000+ U.S. retailer footprint, directly competing for the same cross-border money-transfer use cases.
• RingCentral: RingCentral is a leading UCaaS/CCaaS provider for SMBs and mid-market businesses, directly competing with net2phone's cloud PBX, SIP trunking, and contact center offerings across the same customer segments.
• 8x8: 8x8 is a unified communications and contact center provider competing head-to-head with net2phone on UCaaS, CCaaS, and AI-powered voice services for SMB and mid-market enterprises.
• Lightspeed Commerce: Lightspeed provides cloud-based POS and commerce platforms for retail and restaurants, directly comparable to NRS's POS systems and payment processing for independent retailers, though focused on different retail verticals.
• Toast: Toast is a POS and payments platform for restaurants that competes with NRS on the broader SMB POS and integrated payment processing category, with a similar hardware-plus-software-plus-payments go-to-market.
• Bandwidth Inc. Bandwidth is a communications platform-as-a-service provider offering voice, messaging, and DID services — directly comparable to IDT Express's self-serve VoIP portal and the wholesale carrier services offered by IDT Global.

Broad incumbents

• Block (Square): Block (Square) is a much larger, broadly diversified payments and POS incumbent competing with NRS on merchant POS hardware and payment processing, and with BOSS Money on consumer-to-business payment flows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/idtcareers
• YouTubeyoutube.com/user/BossRevolutionUS
• Facebookfacebook.com/idtcorporation
• LinkedInlinkedin.com/company/idt
• Instagraminstagram.com/idtcorporation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IDT Corporation