Also available to customers is an extensive distribution network of over 50,000 Ecobank Xpress Point (agency banking) locations spread across the country.
The Chairman of ALTON, Hon. Gbenga Adebayo, revealed this development on Thursday in Lagos State.
The check by The Eagleonline indicated that the challenge started as early as around 7am Sunday morning and it cut across all the platforms of e-business transactions, including Banks’ apps; USSD and popular Point of Sale (POSs).
The CBN Governor, Godwin Emefiele, performed the unveiling during the inauguration of the USSD transaction code.
Social Lender, a digital financial service startup, was among the top five early stage scale up in the region.
The bank announced the good news to its International Money Transfer customers in a statement it issued on Friday.
The Minister of Communications and Digital Economy, Isa Pantami said this at stakeholders workshop on the National Identification Number (NIN) Tokenization Solution organised by National Identity Management Commission (NIMC) in Abuja.
Digital Banker Africa, the continent’s premier, magazine and website organizes the Digital Banker Africa Awards to celebrate organisations from across Africa that have stood out from amongst their peers with outstanding innovation, infrastructure and development along with the use of pioneering technology to support their business and customers.
The views were expressed at this year’s Financial Services Innovators and Nigeria Association of Computing Students’ Innovative Challenge, tagged ‘#TechonDemand’ hackathon, according to a statement on Monday by Plexus Media Interlinks, the public relations agency for FSI.
A statement by the lender said the development is in furtherance of its efforts to offer customers’ endearing experience.
The service allows customers of all account types to deactivate a USSD profile simply by dialling *901*911# from any phone, inputting the registered phone number for the account to be protected and this automatically locks out fraudsters from the individual’s account.
The new code which is *7799*9*Phone Number # allows customers to block access to their bank accounts, hence without recourse to the bank, a customer is able to prevent and protect his bank account from unauthorised access using any mobile device if fraud is suspected.
For Nigeria, the last three years have seen significant growth of the financial inclusion rate from 56.8% in 2016 to 63.2% in 2018. FirstBank’s *894# USSD banking service is playing a key role in it.
Coordinator, Ogun State Operations Coordinating Unit (Ogun SOCU), Tunde Adebiyi made the revelation on a personality-interview radio programme in Abeokuta, noting that the targeted beneficiaries were considered based on the need to improve their source of livelihood, due to the adverse effects of COVID-19 pandemic.
Beginning from the 1st of July, the bank will be rewarding its customers with cash prizes to appreciate them for their unwavering loyalty and patronage.
“Commenting on how central the overall subscriber experience is to MTN’s innovation drive, Adekunle Adebiyi, Chief Sales & Distribution Officer, said, “We are committed to providing a superior experience for our customers by addressing their pain points, meeting their needs and creating value. We understand that getting disconnected due to insufficient airtime or data is inconvenient and can be embarrassing so we introduced MTN Auto Top-Up, which eliminates the issue.
Debit cards are financial instruments issued by commercial banks to their customers to enable seamless transaction outside the banking halls. Debit cards have proved reliable in banking and other financial transactions. It is today acknowledged as a viable tool in the quest to drive financial inclusion in Nigeria.
Addressing a large audience of telecom consumers during the NCC Special Day held at recently concluded 32nd Enugu International Trade Fair organised by the Enugu Chamber of Commerce, Industry Mines and Agriculture (ECCIMA), the Executive Vice Chairman (EVC) of the Commission, Prof. Umar Garba Danbatta, said events of this nature provide the opportunity for NCC, as a telecom regulator, to interact with consumers and attend to their service-related concerns.
Our correspondent gathered that the development followed the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and the Governor of the Central Bank of Nigeria, Godwin Emefiele.
This is contained in a joint statement issued on Tuesday by the CBN and the NCC on pricing of USSD services posted on the apex bank website.