EXCLUSIVE: Banks, telcos will rake in over half a billion naira on new USSD charge premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.
UPDATED: You may no longer be able to use your bank s USSD service in Nigeria techpoint.africa - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techpoint.africa Daily Mail and Mail on Sunday newspapers.
Nigeria telcos to block millions from mobile banking over banks debt
Millions of Nigerians use the USSD to access banking services daily, but telcos say they are being owed by banks.
Telephone companies in Nigeria have threatened to suspend USSD services over indebtedness by banks.
Millions of Nigerians use the shortcode platform to access banking services daily through their phones, but the telcos say they are being owed by the banks.
In a statement signed by its chairman, Gbenga Adebayo, and head of operations, Gbolahan Awonuga, the group on Friday explained that the withdrawal became necessary after its members and banks failed to reach an agreement on a payment structure that will exclude phone users.
Nigerian mobile network operators have threatened to discontinue the use of Unstructured Supplementary Service Data (USSD) short code service by some banks effective Monday March 15, 2021 over N42 billion debt owed them.