April 16, 2021
  • April 16, 2021

Tag Archives

New USSD pricing model, a setback for financial inclusion

by on April 14, 2021 0
Analysts at the investment banking group, United Capital, review the pricing arrangement between banks and telecom firms on the use of USSD for mobile banking and concluded that the review charges will not weigh on the volume of transactions   The Executive Vice Chairman of the National Communications Commission (NCC) in Q1-2021 disclosed that... Read More

Access Bank chief says banks are not indebted to telecoms firms

by on April 9, 2021 0
Nigerian banks are not indebted to MTN Nigeria and other telecom companies for using telecommunication platforms to provide payment services, a bank chief executive said. “There is no such thing as an obligation due from banks to telcos,” Herbert Wigwe, chief executive officer of Access Bank Plc, said on an investor call in Lagos. “We... Read More

MTN, Banks USSD Imbroglio: Signs of Things to Come

by on April 7, 2021 0
By Elvis Eromosele Nigerians woke up on Friday, April 2, 2021, to discover they couldn’t recharge their MTN lines from their banks. It wasn’t another April fool’s prank. It was a real move by Nigerian banks to punish MTN for having the audacity to suggest reducing the margins on the commission for selling MTN... Read More