MTN Restores Airtime Lending Service After Months Of Disruption - Phones - Nairaland
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| MTN Restores Airtime Lending Service After Months Of Disruption by yaroinsider(op): 6:45pm On Jul 06 |
MTN Nigeria has restored its airtime lending service, bringing relief to millions of subscribers who rely on the platform to access emergency airtime and data when they run out of credit. The return of the service follows months of uncertainty triggered by a regulatory dispute that forced telecom operators to suspend airtime and data advance services across the country. The restoration means eligible MTN subscribers can once again borrow airtime through the company’s XtraTime service. For many Nigerians, the service is more than a convenience. It provides a temporary lifeline for users who need to make urgent calls, access mobile banking services or stay connected before they can recharge their lines. One subscriber, Farouk Rabiu, described the suspension as frustrating, recalling how he was unable to borrow airtime to access his bank account after exhausting his data balance. “I missed having that option,” he said, noting that although borrowing attracts service charges, it remains an important emergency tool. The suspension stemmed from a dispute over the Federal Competition and Consumer Protection Commission’s (FCCPC) Digital, Electronic, Online and Non-Traditional Consumer Lending (DEON) Regulations, which sought to introduce a new licensing framework for digital lending services, including airtime credit. The move sparked legal challenges from industry stakeholders, who argued that airtime lending falls under telecommunications regulation rather than consumer lending. Following court interventions and the suspension of enforcement of the disputed regulations, telecom operators gradually began restoring airtime lending services. Airtel and Globacom resumed their services earlier, while MTN took additional time before fully restoring XtraTime to its subscribers. Industry groups, including the Association of Licensed Telecommunications Operators of Nigeria (ALTON), welcomed the restoration, arguing that airtime credit has become an essential service for millions of Nigerians, especially during emergencies. The restoration is expected to improve customer experience for MTN’s millions of subscribers while the legal issues surrounding the regulation of airtime lending continue to be resolved by the courts. Source: https://yaroinsider.com/mtn-restores-airtime-lending-service/
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| Re: MTN Restores Airtime Lending Service After Months Of Disruption by heniford2: 8:23pm On Jul 06 |
Fake news not true stop spreading lies |
| Re: MTN Restores Airtime Lending Service After Months Of Disruption by yaroinsider(op): 8:45pm On Jul 06 |
heniford2:This is fully verified. MTN Nigeria has officially resumed the XtraTime service for eligible subscribers following the resolution of the recent court and regulatory updates. If you are an eligible subscriber, you can verify this directly on your line right now by dialing *310# or checking the myMTN app. We only report facts. |
| Re: MTN Restores Airtime Lending Service After Months Of Disruption by PaulPablo(m): 9:00pm On Jul 06 |
I no the borrow again, na dash?, |
| Re: MTN Restores Airtime Lending Service After Months Of Disruption by heniford2: 9:04pm On Jul 06 |
Lies someone checked it up now not true fake dude yaroinsider: |
| Re: MTN Restores Airtime Lending Service After Months Of Disruption by FriendsAndFans(m): 9:55pm On Jul 06 |
The government did right to stop that borrowing of a thing. What's the sense in paying for a service that is already in your system? Generally the government should put a total stop to it |
| Re: MTN Restores Airtime Lending Service After Months Of Disruption by Smartjeezy01(m): 11:05pm On Jul 06 |
No matter your problem, don't borrow airtime from MTN. |
| Re: MTN Restores Airtime Lending Service After Months Of Disruption by 1Alex: 5:15pm On Jul 07 |
It is now tied to your credit score status. If you have low credit score, no loan for you. |
| Re: MTN Restores Airtime Lending Service After Months Of Disruption by berbs: 11:25pm On Jul 07 |
yaroinsider:That's a lie. I still checked today mistakenly. |
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