CBN opposes MTN’s planned charges for USSD transactions - News Summed Up

CBN opposes MTN’s planned charges for USSD transactions


“Yello, as requested by your bank, from October 21, we will start charging you directly for USSD access to banking services. “About five, four months ago, I held a meeting with some telecom companies as well as the leading banks in Nigeria at Central Bank, Lagos. “But the telecom companies disagreed with us. “The banks are the people who give this business to the telecom companies and I leave the banks and the telecom companies to engage. NAN reports that the transactions to be affected by the charges include intra- and inter-bank money transfers, through USSD, among others.


Source: Punch October 20, 2019 16:07 UTC



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