The Nigerian Communications Commission (NCC) has directed deposit money banks (DMBs) to stop deducting charges for unstructured supplementary service data (USSD) transactions directly from customers’ accounts. The charges will now be deducted from users’ mobile airtime, according to an email from the United Bank for Africa (UBA) to customers onContinue Reading
MTN Nigeria, one of the country’s leading telecommunication service providers, has taken up alternative e-payment channels for the recharge of customers’ phone lines as a face-off with banks escalates. This was disclosed in a release by its Senior Manager, External Relations, Funso Aina. The platforms include Flutterwave, Carbon, Kuda andContinue Reading
The Central Bank of Nigeria has set new charges payable by customers using USSD services for their financial transactions. The apex bank said the transaction fees are effective Tuesday, setting a flat rate of N6.98 per transaction. This was contained in a statement released on Tuesday and signed by theContinue Reading
