Tag: USSD Transactions
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How banks forced us to charging customers for USSD transactions – MTN
Leading GSM network provider, MTN Nigeria Communications Plc, has said it was never its intention to charge banking customers for financial transactions carried out through Unstructured Supplementary Service Data (USSD) on its lines every 20 seconds. Last Sunday, the company came under heavy attacks on social media as a result of text messages it sent…
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CBN Orders Banks to Move Services from Telcos Charging for USSD Transactions
Commercial banks offering financial services to its customers through the use of the Unstructured Supplementary Service Data (USSD) via telecommunications companies operating in Nigeria have been directed to move to telcos charging less for the transaction. This directive was given by Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Sunday in…