Banks lift blockage of USSD transactions on MTN

Commercial banks have reconnected MTN customers earlier denied access to the unstructured supplementary service data (USSD) payment channels.

This happened after the Managing Director and Chief Executive officer of MTN Nigeria, Karl Toriola, announced the decision to revert the discount offered to banks on airtime sales to 4.5 percent commission after it was reduced to 2.5 percent by the telco.

The mobile network operator (MNO) had reduced banks’ commission from an average of 3.5 percent to 2.5 percent, this led to a disagreement between MTN and commercial banks.

During the blockage, MTN announced alternative payment platforms for customers to recharge their phones. Such platforms include, Flutterwave, Jumia Pay, OPay, Kuda, etc.

Related news

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.