Telcos, Banks Fight over Use of USSD
TELECOMMUNICATIONS companies under the aegis of Association of Licensed Telecommunications Operators of
Nigeria (ALTON), has challenged banks to stop charging telecoms subscribers for the use of the use of Unstructured Supplementary Service Data (USSD) services.
ALTON said it will in turn provide the service at no cost to the banks. USSD is used to make balance enquiry, call customer centre, purchase airtime or access data services,
But banks have reportedly reneged on a supposed gentleman agreement between them and the telcos over USSD charge.
ALTON said the group will shut down
the USSD platform which banks use for mobile money transfer if CBN does not force banks to pay up the share they owe them.
Gbenga Adebayo, chairman, ALTON, said that network operators incurred costs daily for providing the services.
Adebayo said if banks wanted to get the service for free, they should