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The yet to be resolved N120billion Unstructured Supplementary Services Data (USSD) debt issue between the commercial banks in the country and the telecom operators is again threatening the financial inclusion drive of the federal government. Earlier in 2020, the federal government’s drive to get more than half of Nigeria’s population to have bank accounts or at…
Telecom operators are yet to get firm agreement from commercial banks who they allege are owing N120 billion for Unstructured Supplementary Services Data
In a move to boost financial inclusion, telecom regulator Trai has scrapped the charges levied on USSD messages, which are mostly availed by feature phone users, for transactions related to mobile banking and payment services, , TRA Reports
USSD is a mobile short code that enables financial and banking transactions even on feature phones.
Vanguard News We’ve reached advance stage of resolving Banks, MTN USSD dispute — Pantami On By Emmanuel Elebeke This may not be the best of times for subscribers of MTN in the last 24 hours, following the termination of Unstructured Supplementary Services Data (USSD) services by the banks. The service disruption has since then put the subscribers out of services, leading to widespread outcry and complaints across the country. USSD is a second-generation (2G) technology of the Global System for Mobile Communications (GSM) protocol used to send text messages. Some industry watchers have at...