The Central Bank of Nigeria (CBN) yesterday, disclosed that it has waded into the current disagreement between telecoms firms and deposit money banks (DMBs) over non-payment for the provision of the Unrestructured Supplementary Service Data (USSD) to bank users by service providers.
Telecoms operators in Nigeria had on Friday withdrawn their services to banks, causing customers difficulty in accessing online banking transactions that depend on the platform. These are transactions conducted on mobile phones like fund transfers through shortcodes, and checking of bank details and account balances, among other services with or without data or internet services.
Thisday reports that However, in a statement yesterday, the spokesperson for the CBN, Dr. Isa Abdulmumin, explained that the apex bank was on top of the situation, blaming the dispute on technical issues regarding the definition of a successful transaction from a bank and telco perspective.
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