MTN USSD dispute: Conferences with banks, others nonetheless inconclusive

Bank CEOs, NCC, CBN to meet over USSD charges

Sequence of conferences held amongst MTN, business banks and FinTechs to align on longer-term pricing constructions on USSD providers appeared inconclusive.

This was confirmed by the Telco big in a press release issued by its spokesperson, Funso Aina on Thursday.

In line with the assertion, which was seen by Nairametrics, MTN said that the streamlining it undertook is worldwide customary and finest observe as scale is constructed alongside distribution channels.

It said, “We are going to present an extra market replace as soon as these discussions have been concluded. The streamlining MTN undertook is worldwide customary and finest observe as scale is constructed alongside distribution channels. We’re assured that companions within the banking sector will work with us to make sure this course of concludes as rapidly as doable to the advantage of the complete trade.”

Full assertion beneath

Replace on banking channel companions’ dispute and enlargement of channel community.

Following the momentary suspension of gross sales of MTN merchandise via our banking channel companions on April 2, 2021, providers have been restored on Sunday, April 4, 2021 with clients in a position to entry all providers.

This was agreed on the premise that MTN would revert to its earlier price of gross sales constructions with banking companions till a brand new long-term settlement will be reached on a sustainable pricing construction going ahead.

Consequent on the intervention of the Minister of Communications and Digital Financial system, the Nigeria Communication Fee and the Central Financial institution of Nigeria, since April 6, 2021, MTN has been collaborating in a collection of conferences to align on longer-term pricing constructions.

We are going to present an extra market replace as soon as these discussions have been concluded. The streamlining MTN undertook is worldwide customary and finest observe as scale is constructed alongside distribution channels. We’re assured that companions within the banking sector will work with us to make sure this course of concludes as rapidly as doable to the advantage of the complete trade.

MTN wish to thank our clients for his or her endurance, and categorical our remorse on the inconvenience imposed on them whereas banking channels have been offline. In an effort to additional develop the vary of channels obtainable to clients, MTN has activated numerous new channel partnerships with fintech companions and these will stay in place, considerably increasing the channels obtainable to our clients and rising our gross sales and distribution community.

The brand new channel companions embrace Sparkle, Konga Pay, Barter By Flutterwave, Jumia Pay, OPay, Kuda, Carbon, BillsnPay, MTN On-Demand, MTN Xtratime airtime loans (*606#), myMTN Net http://mymtn.com.ng and Momo agent *223#.

We might additionally wish to thank the Ministry of Communications and Digital Financial system, the Nigeria Communication Fee and the Central Financial institution of Nigeria for his or her fast intervention and we look ahead to a mutually acceptable resolution that empowers all ecosystem contributors.

What it is best to know

  • Banks lifted the ban positioned on MTN subscribers from recharging their strains or knowledge plan by way of Unstructured Supplementary Service Knowledge (USSD), based on Nairametrics.
  • This was confirmed by our analyst, who recharged his line utilizing the USSD code of GTBank final Sunday.
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