Tag Archives: Unstructured Supplementary Service Data (USSD)

Ecobank Group said it recorded transactions valued at $59.1 billion across its digital channels in the first 9 months of 2022. The company disclosed this in its audited financial report for the 9-month ended September 2022. According to the company, this represents a 44% increase compared with the $40.4 billion …

Nigerian Communications Commission (NCC) has identified e-fraud as the greatest threat to digital finance. Citing the Central Bank of Nigeria (CBN) report, Efosa Idehen, director, Consumer Affairs Bureau, NCC, said the apex bank had revealed that e-fraud was costing the Nigerian financial sector staggering losses in monetary terms. Idehen spoke …

E-commerce giant, Konga has revealed that the business will hit the $10 million daily turnover mark by 2024. To realise the target, Konga has disclosed that the growth trajectory and overall operational efficiency backed by the consistent reduced losses it has witnessed are critical factors in the projections. Making known …

The Association of Licensed Telecommunications of Nigeria (ALTON) has expressed displeasure over the undue silence of key stakeholders in resolving the crisis of the Unstructured Supplementary Service Data (USSD) service between the banks and the telecommunications operators in Nigeria. As a result, the association has threatened to shut down the …

MTN Nigeria communications PLC and the Body of Bank CEOs are ready to compromise over the unstructured supplementary service data (USSD) end user billing. This is coming after multiple reactions trial the announcement of the telco to commence charging consumers N4 per 20 seconds over use of USSD code for …

In the first half year of 2019 (H1), Guaranty Trust Bank Plc (GTBank) has reported a total value of N1.74 trillion transactions on its Unstructured Supplementary Service Data  (USSD), an increase of 41 per cent from N1.23 trillion reported in prior  half year 2018. The breakdown for H1 2019 revealed …

Nigerian Communications Commission (NCC) has issued an order to all telcos to bring down their Unstructured Supplementary Service Data (USSD) services to no more than N4.89k per session. This came after the Commission issued a regulatory document titled Determination of USSD Pricing which is binding on all Mobile Network Operators …