The fallout between commercial banks and MTN that barred millions of customers to use Unstructured Supplementary Service Data (USSD) has been solved.
This is coming on Sunday as commercial banks have reconnected MTN customers to banking channels after disconnecting them from their channels, including the Unstructured Supplementary Service Data (USSD) and banking apps last Friday.
TOS News gathered that the development came through the intervention of Minister of Communications and Digital Economy, Isa Pantami and Central Bank of Nigeria Governor, Godwin Emefiele.
On Friday, the Minister on his Twitter page said he has engaged with both regulators, the Governor of Central Bank of Nigeria and NCC.
Total number of subscribers blocked was reportedly said to be seventy-seven million, which amount to forty-five percent of the total telecommunication market share in Nigeria, with many of them stranded and unable to recharge airtime via USSD amid the Easter celebrations.
The blockade was due to reduction of banks’ commission from 4.5 per cent to 2.5 per cent by the telco.
The banks had written MTN to revert to the old commission, vowing to block MTN airtime in all their channels.
MTN had explored alternative electronic payment platforms such as Flutterwave, Jumia Pay, OPay, Kuda, Carbon and BillsnPay for customer to recharge their phones.