Banks, MTN reach agreement, restore suspended USSD services

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Banks, MTN reach agreement, restore suspended USSD services

Banks have lifted the ban placed on MTN subscribers from recharging their lines or data plan via Unstructured Supplementary Service Data (USSD).

This was confirmed by our analyst, who recharged his line using the USSD code of GTBank on Sunday.

Meanwhile, media reports have it that MTN has reached an agreement with the commercial banks, leading to the restoration of the hitherto suspended services. The restoration of services was also confirmed by the Minister of Communications and Digital Economy, Dr. Isa Pantami, on Sunday afternoon, through his verified Twitter handle.

“The services have been restored since early morning, today. Best wishes,” the Minister tweeted.

 

What you should know

  • Commercial banks had asked MTN to revert to the old commission or they would block MTN airtime recharge services in both mobile banking applications and USSD payment channels.
  • Due to MTN’s refusal to revert to the previous commission percentage, commercial banks, which are connected directly to the mobile network operator, denied customers access to the USSD platform,
  • On Friday, Dr Isa Pantami, Minister of Communications and Digital Economy issued a statement assuring subscribers that the issue would be resolved and services restored.
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