Telecommunication Companies to Begin Charging Bank Customers Directly for Airtime, Data Used for USSD Transactions

Following the running battle between telecommunication companies  and commercial banks over debt of N120 billion USSD debts that the banks have refused to pay, which CBN says bothers on technicalities, telcos say they may begin charging customers directly over the cost of USSD transaction debts

The disclosure was contained in a proposal which the CBN allegedly sent to stakeholders to cover the cost of USSD transactions.

The report indicated that the proposal from the stakeholders’ forum led by the Central Bank of Nigeria (CBN) was to resolve the billing and debt crisis between the telecom companies and commercial banks. 

According to a source, the two sectors have been in a running battle over the debt which commercial banks have refused to pay.