Telcos say end-user billing won’t happen over USSD
Telecommunications companies have said that end-user billings will not happen over the Unstructured Supplementary Service Data (USSD)
CBN reviews bank guidelines, slashes charges
The Central Bank of Nigeria (CBN), has reviewed downward charges and fees for banking services. This is contained in the new guidelines for banks, other financial
Telecoms operators insist on USSD charges
Telecommunications operators are insisting on implementing charges for the unstructured supplementary service data (USSD).The operators, especially MTN, had stopped the implementation of the N4 charge per 20 seconds for every USSD access to banking services...
NCC alerts consumers to rising cases of cybercrime, e-fraud
The Nigerian Communications Commission (NCC), has alerted Nigerians, especially telecoms consumers, to the increasing rates of cybercrimes and electronic fraud (e-Fraud) in the country, and across the globe.
Between policy and regulation in telecoms industry over USSD
Although it has been temporarily suspended by the Federal Government, there are, however, several underlining factors that still surround the operations of the Unstructured Supplementary Service Data (USSD).
Banks deny telco on USSD charges, services
The proposed but now suspended N4 per 20 seconds charge on unstructured supplementary service data (USSD) platforms for money transfer transactions in Nigeria, got another spanner thrown in its wheel, as bank chief executives, yesterday, dissociated themselves from the planned charges.
FG orders MTN, others to suspend planned USSD charges
Nigerian government on Sunday ordered the immediate suspension of the proposed Unstructured Supplementary Service Data (USSD) charges on customers who uses them. A few telecommunications network service providers sent notices to their customers of the new charge. “Please note that from Oct 21, we will charge N4 per 20 seconds for USSD access to banking…
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…
The era of USSD
In 2008, Bill Buxton wrote an article where he described a concept known as “The Long Nose of Innovation.” The definition of that term and the premise...
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?