Nigeria’s Minister of Communications and Digital Financial system, Isa Ali Pantami, has reacted to the fallout between Cellular Phone Community (MTN) and a few business banks in Nigeria.
Stories had it earlier that some business banks disconnected the community service suppliers from banking channels together with the Unstructured Supplementary Service Knowledge (USSD) and banking apps.
Gistlover understands that there was outrage by MTN prospects earlier over being unable to finish monetary transactions utilizing USSD and different banking channels just like the financial institution apps.
MTN, subsequently suggested their prospects to recharge their traces utilizing the standard paper recharge playing cards. Stories alleged that the event was not unconnected to the N42bn debt owed cellular operators by banks.
Nevertheless, Dr Pantami in a tweet on Friday night, April 2 confirmed that the companies will probably be restored to Nigerian residents quickly as each events have reached an settlement.
He wrote, “On the fallout between @MTNNG and a few banks on USSD companies at present, I engaged with each regulators, the Governor of @cenbank and EVC @NgComCommission.
“Now we have reached an advance stage of resolving the problems, for the companies to be restored to our residents. Many thanks!”
See the tweet under:
Two weeks again, Gistlover reported that financial institution prospects will now pay a flat price of N6.98 for every transaction on the Unstructured Supplementary Service Knowledge (USSD) service.
A joint assertion launched by the Central Financial institution of Nigeria (CBN) and the Nigerian Communications Fee (NCC) on Tuesday stated the Cellular Community Operators (MNOs) and Deposit Cash Banks (DMBs) agreed to the brand new cost.
The assertion famous that the brand new fees substitute the present billing construction, including that the brand new price takes impact from March 16, 2021.