USSD: Wetin be USSD transaction - tins you fit use am do and how di new CBN law fit affect you
Nigerians don begin reason how di new Unstructured Supplementary Data Services (USSD ) charges go affect di pocket of mobile banking users wey go now pay ₦6.98 flat fee for any transaction.
Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) introduce dis new charge to end di disagreement between banks and telecoms operators and e go begin take effect from From Tuesday, March 16. Dis new charges according to CBN na part of di agreement wey dem reach wen di banks and telecommunication operators been meet on Monday to discuss di N42bn debt wey banks dey owe mobile operators. CBN and NCC tok say dem go collect di new USSD charge on behalf of Mobile Network Operators directly from customers' bank accounts. "Banks no go impose additional charges on customers for di use of di USSD channel." CBN and NCC tok for one statement. Wetin be [USSD meaning] and [USSD banking] USSD mean Unstructured Supplementary Service Data wey dey allow pipo without smartphone or data or internet connection to use mobile banking through code. Dis Unstructured Supplementary Service Data dey similar to Short Message Service (SMS) but difference dey between dem. With USSD, users dey interact directly from dia mobile phones by making dia own selections from different menu's. Unlike SMS message, during USSD session, di USSD message create real-time connection. Dis one mean say USSD dey enable two-way communication of information, as long as di communication line remain open. And so both questions and answers dey happun almost di same time. Use of USSD Pipo fit use ussd for different purpose like;