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BREAKING: Banks Reconnect MTN Customers Back To #USSD Channels

BREAKING: Banks Reconnect MTN Customers Back To #USSD Channels—-Following the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, commercial banks on Sunday have reconnected MTN customers to banking channels.According to report by The PUNCH, the 48 hours feud between the Telecommunication Giant and Commercial Banks which includes disconnecting MTN customers from banking channels, Unstructured Supplementary Service Data and banking apps has been resolved.

The Genius Media Nigeria gathered that the banks blocked MTN customers on Friday, leaving millions of MTN subscribers frustrated as they were unable to recharge airtime via USSD amid the Easter celebrations.

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MTN, with about 77 million subscribers, making up about 45 per cent of the total telecommunication market share in Nigeria, is arguably the largest telecommunication operator in the country.

BREAKING: Banks Reconnect MTN Customers Back To #USSD Channels

The blockade occurred when the telco reduced the banks’ commission from 4.5 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, leaving millions of customers stranded as they were unable to recharge virtually.

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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 later…

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