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Nairaland Forum / Science/Technology / Phones / USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms (45645 Views)
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Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Dechief: 2:01pm On Apr 04, 2021 |
Alejoas:lol.. but you said 24 hours.. akure south |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Ofemmanutosure: 2:06pm On Apr 04, 2021 |
. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by MASTAkiLLAh(m): 2:13pm On Apr 04, 2021 |
Nodogragra4me:suit yourself, glo and Airtel are also pissed off about this situation and are rooting for MTN 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Yankee101: 2:17pm On Apr 04, 2021 |
Fintech ti taking over |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by oluwafemiabioye(f): 2:19pm On Apr 04, 2021 |
valentineuwakwe:Very smart decision from MTN the banks are extremely greedy people, I pray they don't resolve it self if the banks won't beg later. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Abuleoshi: 2:23pm On Apr 04, 2021 |
DelTel:The so called SMEs you are crying about are running on Telecoms infrastructure, should the Telecos die for the SMEs to live? It is business and not a charity organisation. Shareholders took risks and invested money in the Telecos, so the management needs to ensure shareholders are making money, same way the banks and SMEs shareholders want to also make profit. In the markets you are comparing, find out if Telecos there have two Generators per base station running 12 hours each. Find out the power situation there. Find out if there are arbitrary taxes by the central Government, State Government, local government and even non state actors like Youth associations, community development associations and Agbero. In summary, the cost of doing business in Nigeria and the exchange rate makes things more expensive here. 1 Like
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Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Yankee101: 2:23pm On Apr 04, 2021 |
This is where the fintechs became rich and the banks poorer for it |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Abuleoshi: 2:25pm On Apr 04, 2021 |
Yankee101:Leave the banks, they will eventually eat the humble pie 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by rajiedreez: 2:25pm On Apr 04, 2021 |
edoairways:no, why ask |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by oluwafemiabioye(f): 2:32pm On Apr 04, 2021 |
DelTel:They are both criminals but I will choose MTN over the bank any day anytime especially with my recent encounter with first bank. Is it not madness to allow your customers to be able to transfer money into an account that is dormant and yet for you to give him you made him pay almost 20k after almost 2months just to get back the money and all this is withing the same bank. 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by tonyson010(m): 2:36pm On Apr 04, 2021 |
bcomputer101:200 MTN airtime was selling for 230 yesterday night in outskirt of Abuja |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Abuleoshi: 2:37pm On Apr 04, 2021 |
DelTel:You asked what is the concern of SMEs?? It concerns SMEs and others when the market leader changes strategy and decides to be more efficient. Efficiency is reducing the profit banks make on sale of recharge card from N4 to N2.5 per N100 recharge card sold. The banks say they won't sell and MTN shifted to Fintechs who are ready to sell at MTN's new price. So what is the issue here? Are the fintechs not also SMEs? One door close, another door open ooh. E no dey hard 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by DelTel(m): 2:47pm On Apr 04, 2021 |
Abuleoshi: Are the SMEs not paying for the service or is it free? A company with 49% increase in revenue YoY making over N100 billion revenue a month is dying? Can you tell us how many companies in Nigeria is not faced with all the challenges you aforementioned. Don't banks, corporate organisations run 3-4 generators, don't SMEs pay multiple taxes too! Even hawkers, cart-pushers are extorted by area boys! But tell me how many companies get Forex at low rate in Nigeria and if MTN is not one of them. Your excuses are lame sir, MTN should operate ethically and according to the law. If other Telcos are profitable, what is stopping the widely acclaimed market leader (lest I forget, it's inefficiency!). |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Slimwhyt(m): 3:04pm On Apr 04, 2021 |
valentineuwakwe: Na thieves all of dem be jare |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Abuleoshi: 3:05pm On Apr 04, 2021 |
DelTel:49% increase in revenue Oga easy with lies, MTN's financials are in the open, please go and check and stop dropping wrong information! |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by DelTel(m): 3:47pm On Apr 04, 2021 |
Abuleoshi: 49% increase in data revenue in Q4 2020 (not even YoY). Is the company not making over N100 billion monthly or not? https://nairametrics.com/2020/07/30/2020-q2-mtn-nigeria-revenues-rises-to-over-n100-billion-monthly/#:~:text=MTN%20Nigeria%20reported%20a%20half,second%20quarters%20of%20the%20year. Please provide your correct info Mr. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by DelTel(m): 3:52pm On Apr 04, 2021 |
oluwafemiabioye: You apparently didn't read or understand my post. I will reiterate my position again: I don't care about banks, I care about SMEs (roadside, corner-shops retailers) affected by the commission reduction. 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by DelTel(m): 3:57pm On Apr 04, 2021 |
Abuleoshi: https://www.google.com/amp/s/furtherafrica.com/2020/05/02/african-countries-with-the-most-expensive-mobile-data/amp/ Truth is hard to hide. 1 Like
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Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Famousdex1: 4:15pm On Apr 04, 2021 |
Hmmm |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Abuleoshi: 4:18pm On Apr 04, 2021 |
DelTel:When you are discussing Financials of a company, state it as it is. Don't try to mislead people or embellish the facts. You wrote this "A company with 49% increase in revenue YoY", this is different from "49% increase in data revenue in Q4 2020". The company is not making 100bn a month because revenue of 100bn a month is different from profit of 100bn a month. That is why you should stop looking at revenue and look at other indicators like EBITDA which tells a better story than the story revenue tells! |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Abuleoshi: 4:21pm On Apr 04, 2021 |
DelTel:I thought you said compared to other countries, Nigeria was the highest? You see how you peddle wrong info? |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Alejoas(m): 4:28pm On Apr 04, 2021 |
Dechief: I said to 10 to 24 hours and that is no exaggeration. The big size (480wh) that goes for 75k for pc will comfortable power your Laptop for 24 hours even though i claimed just 18 hours here to allow for the surprise factor
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Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Ayobami0411: 4:45pm On Apr 04, 2021 |
I think Banks will loose more here because when you need to recharge, u beat all odds to get ur line recharged if not virtually from FINTECH solutions then u recharge physically |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Nobody: 5:22pm On Apr 04, 2021 |
Someone should tell Mtn to refund me my money o that I bought from bank which they didnt add to my mtn account. I dont like what I hate. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by PrimadonnaO(f): 7:17pm On Apr 04, 2021 |
AK481: I don't know about OPAY, though... I only know about JumiaPay and Flutterwave. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by FishLaps: 8:18pm On Apr 04, 2021 |
Alejoas: |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by miraculousGod(m): 8:26pm On Apr 04, 2021 |
commercial banks will soon go into extinction. Network service providers are already operating like banks. a time will come when sim cards will serve as ATM. All payments would be strictly online and USSD. Private companies would get license to have ATM machines, so there would be ATM machines on every street. Then bank Halls would be converted to Warehouses |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Moregreen: 8:27pm On Apr 04, 2021 |
Fxwarrior: You are right. I wasn't aware of the misunderstanding between the banks and MTN but I noticed that I could not subscribe for data using UBA and GTB platform. I then decided to use MTN website. To my utmost surprise GTB debited me without me being credited with my data. This is when I began to investigate. Till now my data has not been credited to me and money is hanging somewhere i don't know. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by TheKingIsHere: 2:57pm On Apr 05, 2021 |
EmptyGarden: Defending MTN doesn't make them beloved to me. It's common sense that the banks are the ones owing here. Also, MTN has paid their debts and met to the agreed terms of listing the company as a plc on the Nigerian stock exchange. I doubt you will even know this sef. Sebi, the banks have finally gone to beg (indirectly)? Mtcchwww https://www.nairaland.com/6491088/ussd-war-banks-unblock-mtn |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by pmc01(m): 2:44pm On Apr 06, 2021 |
Alejoas: Great then. How much is it and how does one buy? |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Alejoas(m): 3:16pm On Apr 06, 2021 |
pmc01: 08065.316307 50k for 100,000mah guaranteed to power you pc for more than 10 hours. 75k for 180,000mah guaranteed to power pc for more than 18hours. All are built with brand new liFePo4 battery. |
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