Boss Revolution delivers communications and financial services that allow foreign-born customers to stay in touch and share resources with family and friends around the world. Under the Boss Revolution brand, IDT Retail has a global distribution network generating billions of retail minutes and millions of transactions every month.
IDT’s Vice president of Carrier Services Europe, Middle East and Africa Filippo Percario said, “Mobile voice transaction and financial services are becoming the great differentiator in African societies. IDT are well placed to deliver cost effective communications to isolated communities in Africa due to its global delivery network. Our size, scale and reach also allow us to penetrate regions with high populations which can also bring additional income to African businesses.”
Economic growth in Africa is due to reach 5% this year, due to fast paced urbanisation and a rapidly expanding middle class. Consumer spending is predicted to reach $1 trillion by 2020 and has made Africa one of the most attractive retail and consumer markets in the world. The AfricaCom event is attended by over 10,000 delegates and is deemed the place to be for Telco Markets in Africa. IDT are exhibiting in a prime location at stand B17 and will be conducting interviews, briefings and demos of their latest communication solutions.
Filippo added, “IDT build solutions around businesses to uncover new opportunities, lower costs, generate new revenue streams and enhance business-to-consumer relationships. IDT’s product portfolio meets Africa’s communication needs and will add value to any partnership from any location. As Africa matures its mobile connectivity, operators will seek to diversify and with it, will need to cope with the rapid growth in international calling. Come and speak to IDT at AfricaCom to find out how we can help.”
Today’s announcement comes shortly after IDT won “Best SMS Innovation” at the Global Carrier Awards in Paris, France earlier this month. Its revolutionary product called MagicWords, is a contextual content-engine for SMS messaging. This incredibly innovative and ‘extended’ version of traditional messaging was developed due to the mobile world moving away from the archaic un-dynamic text message. IDT saw a gap in the market, developed an idea and now have an award winning solution to the changing face of SMS messaging.
IDT Telecom has annual revenues of $1.6 billion of which over $600 million is generated by its Carrier Services business. IDT Telecom is ranked as one of the fastest growing carriers of international voice by Telegeography and serves over 800 carriers and 4,000 other providers around the world.