• Expert says sector’s regulation on its knees and will impact investment negatively
• MNOs want banks to come up with repayment plans
Telecommunications operators have put on hold the planned switch-off of banks’ Unstructured Supplementary Service Data (USSD) service platforms, popularly called bank transfers, which was expected to take effect today.
The operators have been prevailed upon by the Minister of Communications and Digital Economy, Dr. Isa Pantami, who urged the service providers to wait for the outcome of today’s stakeholders’ meeting on the matter.
The operators, under the aegis of Association of Licensed Telecoms Operators of Nigeria (ALTON), had issued a warning on Friday that it will switch off the USSD platform the banks used in servicing the banking populace in the country, which runs on telcos infrastructure.
ALTON claimed banks owed its members N42 billion following service rendered in the last eight months, which have not been considered by the…
Source: Guardian Newspaper