Amigo Alonzo's questions to IDT Corp (IDT) leadership • Q4 2024
Question
Amigo Alonzo of Maram Capital asked about BOSS Money's strategy for nationwide expansion, noting its strong presence in the Northeast. He also questioned if IDT would consider publicly disclosing the number of its retail money transfer locations, similar to its NRS reporting.
Answer
Executive Samuel Jonas responded that while they are focused on growing their retailer base, the primary driver of growth is the digital channel, not the physical retail footprint. He stated they have slightly under 2,000 retail locations but emphasized the focus is on the profitability and transaction volume of each location, not just the total count. He indicated they are not focused on simply expanding the number of locations but on ensuring existing ones are high-performing.