Nigerians transact N1.63tr via USSD
From a transaction volume of about 145,581,469, Nigerians used the Unstructured Supplementary Service Data (USSD) platform to transfer N1.63 trillion in the last quarter of 2020.
More controversies as USSD debt rises to N45b
The fragile settlement reached between the telecommunications operators and Deposit Money Banks (DMBs) last week over the lingering crisis surrounding the usage of the Unstructured...
USSD channels blocked as banks, Telcos tangle
The crisis between telecoms operators and the commercial banks over the use of the Unstructured Supplementary Service Data (USSD) platforms deepened yesterday as customers couldn’t carry out major transactions on the platform.
Impact of pervasive broadband on digital financial services
Digital Financial Services (DFS) is a recent mobile-centric financial inclusion innovation in developing countries, Nigeria inclusive.
Suspense as telcos await minister’s stance before switching off banks USSD service
Telecommunications operators have put on hold the planned switch-off of banks’ Unstructured Supplementary Service Data (USSD) service platforms, popularly called bank transfers, which was expected to take effect today.
Telecoms operators withdraw USSD service from banks over N42b debt
Telecommunications operators have withdrawn the Unstructured Supplementary Service Data (USSD) shortcode service banks and other financial service operators leverage on their platforms to service the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…
NCC begins USSD pricing regimes for banks, betting services, others
The Nigerian Communications Commission (NCC) has begun a pricing regime for Unstructured Supplementary Service Data (USSD), otherwise known as shortcodes used by the banks and other commercial organisations
NCC orders operators to charge banks for USSD services
The Nigerian Communications Commission (NCC) has directed all mobile network operators (MNOs) to charge banks directly for Unstructured Supplementary Service Data (USSD) services.
Insurers woo Nigerians on investment culture through MMF
Despite the growth in savings and investment products, Nigeria still recorded low mobilisation for such products, research by FSDH has shown.