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Nairaland Forum / Science/Technology / Phones / USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms (45182 Views)
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Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by lessonotes(f): 6:18am On Apr 04, 2021 |
bcomputer101:They won't, they have the numbers, I might be wrong all the numbers of the banks involved combined does not reach the subscriber base of MTN. If the Government want to achive Banking inclusion, its only through the Telcos they can achieve it. 4 Likes 1 Share |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by bhella10: 6:19am On Apr 04, 2021 |
Two thieves fighting. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by olarid01: 6:19am On Apr 04, 2021 |
I don't think the issue is restricted to only USSD transactions, I've not been able to receive otp on my mtn line for online transactions since this issue started. I just hope they resolve it quickly cause mtn will surely loose this battle 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by MASTAkiLLAh(m): 6:24am On Apr 04, 2021 |
jakD:I advise you read up on the origins then 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by DelTel(m): 6:30am On Apr 04, 2021 |
lessonotes: donproject: Quite interesting to see people support MTN on this, has MTN reduced calls or data rates or any of their services to justify the reduction in commission rate. What reason(s) has MTN provided to reduce commission arbitrarily whereas other Telcos didn't. The new platforms they are promoting are just smokescreens, MTN has agenda they are working on to push everyone out of the market. While I am less bothered about the banks, I am for the SMEs (or are you unaware roadside, paper-based and e-recharge commission is also affected). The same matter is brewing with electricity companies, they keep reducing commission for SMEs whereas the electricity rate keeps going up. MTN don't want anyone to make money in their space (every unit in MTN boost of cost reduction), whereas same MTN is encroaching other market space i.e selling inverter. How a South African company plans to kill SMEs and Nigerians are in support baffles me. 10 Likes |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Felixalex(m): 6:35am On Apr 04, 2021 |
donproject: Dey there de imagine am 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by udemzyudex(m): 6:36am On Apr 04, 2021 |
EmptyGarden: You support the banks in owing telcos even though they are making their money? 5 Likes |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by EmptyGarden(m): 6:47am On Apr 04, 2021 |
udemzyudex:So it was the owing that necessitated commission reduction? 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Yusufisraelj(m): 6:47am On Apr 04, 2021 |
4ckyou: Well said do you know how much they made 2020 fiscal year on just data alone over 300 billion naira, not to talk of airtime, equally the banks too make billions daily from various trades, my brother there's money to be made on both sides, USSD na small thing e day generate on both sides, but like every business person every Kobo count's. Na just two greedy warriors. Their headache. 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by clothingonline(m): 6:48am On Apr 04, 2021 |
Telco mtn feel too big Affordable men clothing payment on delivery within Lagos and we waybill Nationwide daily,strictly authentic brands anytype of men clothing you desire |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by IntegrityFarmsN(m): 7:01am On Apr 04, 2021 |
Good Development. This is the beauty of competitive open market business: many options and better goods/services to choose from. That was how GLO Saved Nigerians from the PER MINUTE ROBBERY of mtn and other network providers in Nigeria. Five Simple Ways To MAKE BIG MONEY From Garri Business. See my signature for more details. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by geunik(m): 7:02am On Apr 04, 2021 |
Those other payment solutions make use of banks ATM card. Jumiapay was down yesterday and couldn't recharge an MTN number |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by icedbreez(m): 7:05am On Apr 04, 2021 |
MTN: Greed everywhere you go. 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by 2kurupt(m): 7:06am On Apr 04, 2021 |
If the banks were not owing the telcos habitually I don't think MTN would have made such a move. Going forward the addition of the fintechs into the fray is a welcomed development, these banks are getting more greedy 3 Likes |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by SarkinYarki: 7:06am On Apr 04, 2021 |
EmptyGarden: U stand withe the banks based on what? 2 Likes |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Realdeals(m): 7:06am On Apr 04, 2021 |
The banks are the thief here, we have private platforms that sell Airtime and data at a discounted rate, but the banks never do that. They will charge the actual rate and on top, still charge for SMS notification. 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by SarkinYarki: 7:07am On Apr 04, 2021 |
olarid01: I guest the banks didn't consider that part 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by aidoko1: 7:10am On Apr 04, 2021 |
EVEN WHEN BANKS ENDED CRYPTOCURRENCY TRANSACTION THE WORLD L DID NOT END. MTN STAND YPUR GROUND WE ARE RIGHT BEHIND YOU 4 Likes |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by EmptyGarden(m): 7:14am On Apr 04, 2021 |
SarkinYarki:If you have been with the MTN network as long as I have, you'd support just about anything against it. 1 Like |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Codes151(m): 7:15am On Apr 04, 2021 |
bcomputer101:you don't read |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by spacechuks(m): 7:15am On Apr 04, 2021 |
Those of you that are saying mtn will win It will shock you mtn provides network for most of the banks which definitely they will lose Recharging via fintech and other platforms, how do you introduce the cash into the platforms, you will either use your bank debit cards or pay cash, I dont get it, Fintech dont have CBN licence to run accounts, Both parties need each other to strive and make profits, they should settle the issue amicably 2 Likes |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by LarryA1(m): 7:16am On Apr 04, 2021 |
so the summary of the whole thing be say na 1.00 naira cause the matter 1 Like 1 Share |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Duplexxx: 7:19am On Apr 04, 2021 |
NIN na how una go scam the whole Nigeria una dey find em Nonsense |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by blessgreg: 7:21am On Apr 04, 2021 |
Nigeria always inconvenienting people, now we are force to borrow airtime from mtn which is a plus to MTN in disguise because it's a discounted airtime. It's a disguise to prosper MTN this few weeks at our deriment because millions of people will be force to borrow at reduced value. Shame on Nigeria govt 2 Likes |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by bowdas(m): 7:22am On Apr 04, 2021 |
yea they where snub for us to see but the exchange of naira behind the scene is what we won't see |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Taku555(m): 7:24am On Apr 04, 2021 |
MASTAkiLLAh:What do you mean by greedy Banks? Do you really understand what is happening? Before, the only share MTN banks get was 4% out of the recharge but now MTN wants banks to take half of what they get formerly. If you were the one, would you accept? |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by sammirano: 7:26am On Apr 04, 2021 |
Good those greedy bastards banks must hear am. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Psoul(m): 7:26am On Apr 04, 2021 |
My own is, whatever code they are rolling out or link, them them make it very secured. Not the one you use today and before u know it, you will start receiving debit alert up and down. The bank will not be willing to help out oo cos they will like the link to have problem so that MTN will come on their knees. |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Omoluabiii(m): 7:26am On Apr 04, 2021 |
jakD: the banks will loose, infact they v lost already, they re greedy, do you know that these banks have increased you charges over the years? Charges for atm use, charges for ussd used, card maintenance charges, when you do transaction online they deduct convienience fee... And over the years interest rate on savings is being reduced.... So, strategically they re milking everybody, you will know this when you check their statements of account per yer, which runs into billions of $.. and yet a common man cant get a loan from them... Except the mega rich men. Thats what mtn was saying, that the banks have a standard they use, and that over the years they v reduce their interest, and increase charges, so mtn also is using the standard rate for them too.. Which is 2.5% in all civilised countries. There a thief was caught, they went aflame, mtn was right, ride on mtn 4 Likes |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by MichaelSokoto(m): 7:28am On Apr 04, 2021 |
bcomputer101:says who? I have been using opay, carbon, fairmont, palmpay etc... na today? |
Re: USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms by Erastuslove: 7:30am On Apr 04, 2021 |
Type *904# and they will ask for card number? What they mean please? |
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