MTN, Airtel in R5-billion row with Nigerian banks
Nigeria including MTN Group and Airtel Africa will stop providing dedicated text message services to banks until the lenders pay ₦120-billion in arrears.
The service is crucial for the poor in Africa’s most populous nation, where as many as 40% don’t have bank accounts. USSD is used for financial transactions such as transfers, bill payments and airtime recharges. For two years, Nigeria’s mobile network operators and banks haven’t been able to agree on the appropriate USSD pricing model, the mode of collection and liability for unremitted fees from the lenders.
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