In the memo to ALTON, the bank chiefs frowned at sharing the revenue from USSD transactions with the telcos as it claimed that the service providers
Teleco companies have come out to respond to the Body of Banks’ Chief Executive Officers saying that banks were the biggest beneficiaries of the USSD charges.
Deposit Money Banks (DMBs) in Nigeria have introduced charges on the use of USSD (Unstructured Supplementary Service Data) code for banking services.
