NCC stops telecoms from charging for money transfer via USSD‎

0

‎T‎he Nigerian Communications Commission (NCC) has directed Mobile Network Operators to stop charging consumers directly for the use of Unstructured Supplementary Service Data channels for financial services in the form of end-user-billing.

NCC rather directed that billing over USSD usage should be between the telecom companies and the banks and financial institutions to which the financial service was provided. ‎

Executive Vice Chairman of the NCC, Prof. Umar Danbatta, announced the new directives in a statement on Wednesday.

Danbatta said the decision was taken in the interest of all Nigerians.

He said‎, “In the interest of the consumers and other stakeholders, NCC has revised the determination previously issued by removing the price floor and the cap to allow the mobile network operators and the banks negotiate rates that will be mutually beneficial to all parties concerned.”‎

The amendment followed a protracted dispute between mobile network operators and financial institutions on the applicable charges for USSD services and the method of billing.

See also  MTN, 9Mobile‎ to conduct e-SIM trial in Nigeria 

“As a responsive and effective regulatory authority, we recognize that our policies are not static and may be modified from time to time as circumstances demand’’, the NCC boss observed.

Untitled Document

You can always reach us through these channels

Facebook: https:/www.facebook.com/ancityreport

Instagram: https://www.instagram.com/ancityreport

Youtube Channel: Anambra City TV

 

Phone Numbers: 07062501185, 09038738731, 07019919330, 09086292043

E-Mail: info@ancity.com.ng, anambracity@gmail.com

Copyright.

This Post: NCC stops telecoms from charging for money transfer via USSD‎ was approved and published by Anambra City Report Editor and may not be republished elsewhere without prior written permission from the Editor.


Get real time updates directly on you device, subscribe now.

Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More