A few days ago, telecom operators removed the USSD short code service bank from their platform, which meant that customers would face huge challenges when conducting financial transactions through the USSD platform.
As of today, Nigerians will now pay 6.98kN for every USSD transaction made from their mobile phones. Price has replaced the old session-based billing structure for USSD transactions.
According to CBN “Mobile Network Operators (MNOs) and Deposit Money Banks (DMBs) have had protracted disagreements concerning the appropriate USSD pricing model for financial transactions.