Tag: USSD
-
USSD banking services to stop working over huge banks’ debts
The Association of Licensed Telecommunication Operators of Nigeria (ALTON) on Friday said its members will withdraw USSD services from financial service providers due to huge indebtedness. ALTON said this in a statement on Friday signed by its Chairman, Mr Gbenga Adebayo and Head of Operations, Mr Gbolahan Awonuga. It said that with the concurrence of…
-
USSD CODE, CBN, Banks, Telcos and the coming of anarchy – Okoh Aihe
By Okoh Aihe I do not like the word, anarchy. The word serves a full dose of what is happening in our land, a chaotic state of disorderliness where nobody seems to be in charge, where everybody seems to smell imminent perdition and yet unable to do something about it. Where students disappear at school…
-
Respite as NCC stops double billing of Nigerians using USSD for financial transactions
The Nigerian Communications Commission (NCC) has stopped financial services providers (FSPs) and network services providers from double billing Nigerians who use Unstructured Supplementary Service Data (USSD) for financial transactions. TheNewsGuru.com (TNG) reports this is contained in the Determination of USSD Pricing (amended) released by the NCC, which was signed by Prof. Umar Danbatta, the Executive…
-
USSD: Nigerians angry as MTN introduces N4 charge for banking services
FG distances self from new USSD charge Nigerians were on Sunday aggrieved as Nigeria telecommunication operator, MTN introduces new charge for customers who use unstructured supplementary service data (USSD) channels to access banking services. According to the message that was sent by MTN to its users, the new charge is to commence on October 21,…
-
CBN sets limit for daily mobile money transfer at N100,000
The Central Bank of Nigeria (CBN) has set the sum of N100,000 as the maximum amount a bank customer can transfer via mobile phones using shortcodes. In a statement signed by Director, Banking and Payment systems of CBN, Dipo Fatokun, the decision was made because of the risks associated with mobile banking. “Concerns have been…
-
Digital Payments: Why govts do not allow airtime deposits into bank accounts
Transactions made in cash are losing ground to digital payments, and governments around the world are considering the merits of losing paper currency for good, as Bloomberg puts it in a report detailing how close we are to a cashless society. While cash payments are losing grounds to digital transactions, one area that is yet…