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JUST IN: Banks resolve conflict with MTN, reconnect customers to USSD

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Commercial banks in Nigeria have reconnected MTN customers after disconnecting them from their banking channels, including the Unstructured Supplementary Service Data (USSD) and banking apps last Friday.

The development was due to the intervention of the Minister of Communications and Digital Economy, Isa Pantami, and Central Bank of Nigeria Governor Godwin Emefiele.

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Recall that banks blocked MTN subscribers, believed to be around 77millions accounting for about 45 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 banks had written MTN to revert to the old commission, vowing to block MTN airtime in all their channels.

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MTN had explored alternative electronic payment platforms such as Flutterwave, Jumia Pay, OPay, Kuda, Carbon, and BillsnPay for customer to recharge their phones.

Details shortly…

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