The Central Bank of Nigeria has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data access to banking services from October 21.
The solution, which fulfills the mantra of being Africa’s Gold Standard for payments, allows for enhanced interoperability amongst stakeholders in the payment ecosystem.
The Bank has continued to expand the services and features of the 737 service platform to make banking from a mobile device simple, fast and secure.
The 894 banking scheme, which is the fastest growing USSD scheme in the market, grew by about 250 per cent in 2017 to over 4.5 million customers with a target base of over 6.5 million before the end of this year
The USSD code: *4018#, which was unveiled in Lagos on Wednesday, enables shareholders to perform a lot of tasks, including checking their outstanding dividend, shareholding balance, confirming bank mandate right from their mobile phones from the comfort of their homes, work places or leisure.