Moving the motion, Ossai said the Central Bank of Nigeria (CBN) introduced the Cashless Policy in a bid to realise its statutory mandate of promoting monetary stability and sound financial system in Nigeria. He said that one of the innovations introduced with the policy was-USSD services used by Global System for Mobile Communication Technology to communicate with service providers’ computers via text messages. He explained that it was to check account balance or mobile airtime, generate bank statement or do fund transfer and data balance enquiries or to receive one-time passwords or pin codes. “ The USSD service which is controlled by Mobile Network Operators, is a critical infrastructure used to provide mobile financial services to banks and other financial institutions in cell phones at very low cost, without requiring access to the user’s SIM card.