X-raying the fight against menace of pre-registered SIM cards
As part of efforts targeted at mitigating and possibly eliminating the various security challenges occasioned by fraudulently-activated Subscriber Identity Module (SIM) cards in the country, the Nigerian Communications Commission (NCC) has been exploring different regulatory interventions and striking collaborations with necessary agencies and stakeholders in the country. A pre-registered SIM card is a fraudulently-activated or…
e-Offerings to use USSD, mobile devices
Securities and Exchange Commission (SEC) has released draft guidelines for transition to electronic offering of shares and other securities in the capital market.
Daily limits on USSD begins June 1
The new maximum daily limits of N100,000 set by the Central Bank of Nigeria (CBN) when Unstructured Supplementary Service Data (USSD) option are used for mobile phone transactions takes effect from June 1. This is part of the apex bank’s plan to secure electronic payment services in the country. ‘Dipo Fatokun CBN director, Banking &…
Mobile banking and ‘USSD’ as game changer
The battle for the soul of retail banking and the deepening of financial inclusion is indeed in top gear. It is also obvious that the special purpose vehicle for driving this quest is technological innovations, particularly the ones available in mobile phones. Why?