We Never Asked MTN To Charge For USSD – Banks Denies MTN

In an advertorial, the loan specialists, acting under the aegis of Body of Bank CEOs said its consideration had been attracted to an instant message sent by the telco concerning the issue.

“Our consideration has been attracted to SMS sent on Saturday nineteenth October by MTN Nigeria Communications PLC to clients of banks in Nigeria in regard of the abovementioned.

The message expresses that the banks mentioned MTN to begin charging clients for USSD exchanges legitimately. It likewise approach clients to contact their banks for more data. We wish to state as pursues:

“That the banks didn’t ask MTN to begin charging clients as contained in the instant message. The choice on whether and what add up to charge a client for getting to USSD is totally that of the telco similarly a client is charged for calls SMS and information.

“MTN is the main telco that is yet to execute end-client charging which is the standard practice for client started exchanges. This is in spite of the way that the banks working with the Central Bank of Nigeria (CBN) have connected with MTN over a time of over one year to attempt to cut down the expense of USSD to help monetary consideration.

“That the banks are resolved to seek after the Nigerian National Financial Inclusion Strategy of the Federal Government of Nigeria and we keep on upholding that telcos distinguish entire heartedly with this commendable activity and actualize straightforward and low estimating model in the USSD access code.

“We wish to reitrate that budgetary exchange charges are controlled by the CBN as stipulated in the Banks Tariff and that the charges for monetary exchanges did with banks stay unaltered.”

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