Mobile Networks Are Responsible for N6.98 Compulsory Payment For USSD Services~NEWSEXTRA - News Extra Online

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Saturday, 5 June 2021

Mobile Networks Are Responsible for N6.98 Compulsory Payment For USSD Services~NEWSEXTRA



 

After several panic some days ago when everyone received messages that they will pay N6.98 to be able to use USSD services most especially for money transfer and other services apaer from airtime purchases and data purchases.


This sparked outrage among Nigerians as some didn’t know who exactly to blame between the bank and mobile network providers, however, further diggings have revealed that the mobile networks are the masterminds of this sudden development.


 Here is the statement official statement below



IMPORTANT UPDATE ON USSD TRANSACTIONS

Please be informed that you are now required to pay a fee of N6.98 to your mobile network provider for every banking transaction carried out on all USSD banking platforms.

 
This means that when you access any banking service using USSD, a fee of N6.98 will be charged to your bank account, which is in turn remitted in full by your Bank, to your mobile network provider.

 
Please note that Airtime and Data purchases via USSD are exempt from this charge.


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