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USSD: Banks Deny Owing MTN Nigeria, Other Telcos - Business - Nairaland

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USSD: Banks Deny Owing MTN Nigeria, Other Telcos by dre11(m): 1:35pm On Apr 10, 2021
Deposit Money Banks (DMBs) in the country are not indebted to MTN Nigeria and other phone companies for using Unstructured Supplementary Service Data (USSD) platforms to provide payment services, the Chief Executive Officer, Access Bank, Herbert Wigwe has said.

Bloomberg yesterday quoted him as saying on an investor call on Thursday that: “There is no such thing as an obligation due from banks to telcos.

We chose not to make a public statement out of it because it is not appropriate for us to be found fighting with telcos in public.” Wigwe is the chairman of the Body of Bank CEOs that has been in discussion with MTN Nigeria to resolve a dispute that led some banks to cut off the company from their banking platforms last week.

This was after MTN, the nation’s biggest telecom services provider, reduced a commission charged on airtime purchases through banking channels by almost half to 2.5%. The action against MTN was an escalation of an ongoing dispute between lenders and telcos in Africa’s largest economy over fees chargeable on services carried out on each others’ platforms.

Telecom operators through their umbrella union, the Association of Licensed Telecommunications Operators of Nigeria, threatened last month to disconnect banks from providing payment services on telco platforms until they paid a N42 billion debt allegedly due to its members from end-user billing. The threat was called off after the Central Bank of Nigeria (CBN) and the Ministry of Communications and Digital Economy intervened in the dispute leading to an agreement to charge a fixed amount and also settle any indebtedness for past services.

https://www.newtelegraphng.com/ussd-banks-deny-owing-mtn-nigeria-other-telcos/

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by SarkinYarki: 1:41pm On Apr 10, 2021
Thieving banks

1 Like

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by lkillbrokehoes: 1:59pm On Apr 10, 2021
Lolz big lies

1 Like

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by GIDIBANKZ(m): 2:07pm On Apr 10, 2021
Make Ona carry ona warri dey qo

1 Like

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by Iyiataata92: 2:07pm On Apr 10, 2021
whatever politics they are playing over there, they should just restore online sales of recharge cards. This ain't funny anymore.
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by inoki247: 2:07pm On Apr 10, 2021
Lol them learn am from the Gov't ni na everything in diz regime be denier...


if the government fit deny things wu b bank wey no go fit deny den......

2 Likes

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by crossfm: 2:07pm On Apr 10, 2021
Season of denying.

NAF deny boko claim.

IPOB deny attacking police station.

Minister for police deny sacking Adamu without notice.

Thinking of denying I was paid my salary grin

5 Likes

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by GreaterFuture3: 2:07pm On Apr 10, 2021
Bad
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by Iyiataata92: 2:08pm On Apr 10, 2021

1 Like

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by Ceeogbaru2: 2:08pm On Apr 10, 2021
I love my steel box b4 now......

1 Like

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by GIDIBANKZ(m): 2:08pm On Apr 10, 2021
[quote author=Iyiataata92 post=100668036][/quote]

Watin
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by Duplexxx: 2:08pm On Apr 10, 2021
Nawa o
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by MANNABBQGRILLS: 2:08pm On Apr 10, 2021
When 2 elephants fight, the grass suffer.

It is the masses suffering from the impact of this roforofo fight.

All of you should get your act together and move our nation forward please.

We Rise!

2 Likes 3 Shares

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by IntellectOzone(m): 2:09pm On Apr 10, 2021
Nonsense

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by Hadeyeancah(m): 2:11pm On Apr 10, 2021
Pleas where is YOUNG JOHN , the wicked producer?
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by OfficialGaGa(m): 2:13pm On Apr 10, 2021
Ole thief from another Ole... nor be news na
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by MASTAkiLLAh(m): 2:14pm On Apr 10, 2021
Lol grin lies.... Banks should pay telcos their 42 billion biko instead of forcing shît down the throats of subscribers
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by forexline: 2:14pm On Apr 10, 2021
Extra Source of Income: Checkout this legitimate online business that gives me atleast N25k or more weekly using my phone and from home. Check my Signature for details
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by quincyshakur(m): 2:15pm On Apr 10, 2021
Hadeyeancah:
Pleas where is YOUNG JOHN , the wicked producer?
Him go meeting with 1st, 2nd and 3rd John
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by jlinkd78(m): 2:18pm On Apr 10, 2021
Who is lying then
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by rman: 2:25pm On Apr 10, 2021
jlinkd78:
Who is lying then

The banks for sure

1 Like

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by Holiday0299(m): 2:38pm On Apr 10, 2021
post=100668048:
[s]When 2 elephants fight, the grass suffer.

It is the masses suffering from the impact of this roforofo fight.

All of you should get your act together and move our nation forward please.

We Rise![/s]
Trash

1 Like

Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by shasetite(f): 2:52pm On Apr 10, 2021
wedeada2:
Extra Source of Income: Checkout this legitimate online business that gives me atleast N25k or more weekly using my phone and from home. Check my Signature for details

teach me
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by yomalex(m): 2:54pm On Apr 10, 2021
Ah ah ah
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by maasoap(m): 2:59pm On Apr 10, 2021
Telcos are referring to the period when customers were not charged for using USSD due to the instruction from the CBN at the time. Banks have realised that they can't charge their customers for those services and they don't want to bear the cost either. But Telcos will collect their charges
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by chatinent: 3:06pm On Apr 10, 2021
E don happen.
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by MozB: 3:09pm On Apr 10, 2021
You really don't even know who to trust or believe anymore in the country. Everybody is playing the denial game.... Where are we headed to sef? Banking systems are beginning to steal and lie more than politicians.
Re: USSD: Banks Deny Owing MTN Nigeria, Other Telcos by AgentGoat: 3:14pm On Apr 10, 2021

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