Categories: EconomyNews

USSD: Banks Ban MTN From Banking Agency

USSD: Banks Ban MTN From Banking Agency
Commercial banks have disconnected MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps.
MTN customers complained on Friday about being unable to recharge their MTN lines using USSD and other banking channels like the bank apps.
Customers were also unable to do banking transactions on MTN lines through USSD.

According to a source, this was not the doing of MTN but the banks who had refused to give any formal communication prior to the disconnection.
The source said, “Please note that MTN didn’t cut off customers and has no hand in this. This is strictly the banks acting on their own.
“We woke up this morning to see that MTN customers were cut off from USSD services overnight. This has come as a surprise as there was no formal communication from the banks to their customers prior to their taking this action.”
The source disclosed that MTN had reduced the banks’ commission from an average of 3.5 per cent to 2.5 per cent which predicated the actions of the banks.

According to the source, the reduction is standard because the volumes compensate for the reduction, adding that the contract with convenience channel partners and aggregators through which they were indirectly connected to the banks allowed this.

hvzclarence

Recent Posts

Rivers Crisis: Why Arsonists Attack LG Secretariats – Wike

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has attributed the recent attacks…

4 hours ago

Adabanija: Over 10 People Arrested For Allegedly Criticising Oyetola

 Posts Capable Of Inciting People Against Minister – Loyalists Oyetola’s Aides Behind My Incarceration -…

6 hours ago

Mother Cries For Help As Vigilante Operatives Allegedly Torture, Rape 15-Year-Od  Daughter

..Alleges Police Of Foul Play The Mother of a 15-year-old girl, Helen Joseph, has called…

7 hours ago

Couple Remanded For Maltreating Minors

A couple, Abubakar Yuguda and Fatima Abubakar, were remanded on Tuesday by Chief Magistrate Musa…

7 hours ago

Kaduna Health Workers Begin Indefinite Strike

Health workers in Kaduna State, represented by three prominent professional organizations—the National Association of Nigerian…

7 hours ago

How 84 Nigerian Lecturers Died In Three Months Over Economic Hardship

No fewer than 84 Nigerian lecturers have died between May to August 2024 due to…

8 hours ago

This website uses cookies.