BREAKING: USSD suspension: Banks reconnect MTN to banking channels
NEWS DIGEST – Commercial banks on Sunday have reconnected MTN customers to banking channels.
This is coming 48 hours after the banks disconnected MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps,
According to a report by Punch Newspaper, The development followed the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and the Governor of the Central Bank of Nigeria, Godwin Emefiele and the Executive Vice Chairman of the Nigeria Communications Commission, Prof Umar Danbatta.
The News Digest had reported that MTN customers complained on Friday about being unable to recharge their MTN lines using USSD and other banking channels like the bank apps.
Customers were also unable to do banking transactions on MTN lines through USSD which left a lot of users stranded as they were unable to recharge virtually.
The blockade occurred when the telco reduced the banks’ commission from an average of 3.5 per cent to 2.5 per cent. The banks had written MTN to revert to the old commission, otherwise, they would block MTN airtime in all their channels.
The banks, except Zenith Bank which was connected directly to MTN, subsequently blocked MTN from their banking channels.