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Impact of pervasive broadband on digital financial services


NCC Executive Vice-Chairman, Prof. Umar Danbatta PHOTO: Twitter
Researches have shown that the Internet and mobile phones have a strong positive relationship with digital financial inclusion. ADEYEMI ADEPETUN writes on the push in Nigeria
Digital Financial Services (DFS) is a recent mobile-centric financial inclusion innovation in developing countries, Nigeria inclusive.
Using ubiquitous mobile phones as the means of service access, DFS provides the unbanked and underserved – many of whom live in rural areas – with access to basic financial services provided by banks and non-banks such as mobile network operators (MNOs) and third-party DFS providers (DFSPs).
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A study has shown that with mobile phones as the primary access mechanism for services, access to DFS is highly dependent upon the degree and quality of mobile coverage offered by MNOs. User interfaces (UIs) for access to DFS are mostly dependent on the type of mob ....

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Telecoms operators withdraw USSD service from banks over N42b debt


Nigerian Communications Commission PHOTO:TwitterTelecommunications operators have withdrawn the Unstructured Supplementary Service Data (USSD) shortcode service banks and other financial service operators leverage on their platforms to service the banking community.
The operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) claimed that the banks owed them over N42 billion in debts for the past eight months.
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The telcos claimed that since the USSD Pricing determination by the Nigerian Communications Commission (NCC), which resulted in a price review of USSD service by its members, banks were yet to pay them the accumulated USSD transactions cost. ....

Nigerian Communications Commission , Association Of Licensed Telecommunications Operators Nigeria , Supplementary Service Data , Unstructured Supplementary Service Data , Licensed Telecommunications Operators , நைஜீரியன் தகவல்தொடர்புகள் தரகு , சங்கம் ஆஃப் உரிமம் பெற்றது தொலைத்தொடர்பு ஆபரேட்டர்கள் நைஜீரியா , துணை சேவை தகவல்கள் , உரிமம் பெற்றது தொலைத்தொடர்பு ஆபரேட்டர்கள் ,