BoSS, telcom operators to in cooperate digital payment in banks

Is Nigeria's Billion-Naira Billing Blunder Finally Getting a Fix?

For years, banks billed Nigerian telco customers for USSD-related charges but have owed telcos hundreds of billions of naira due to a problematic payment process. Now, it appears that the messy standoff is coming to an end, as telcos will begin to manage the payment process.When users make use of a USSD session, the charge will now hit their airtime credit instead of their bank account. Telcos benefit, banks shrug, and users are reminded that di…

BoSS, telcom operators to in cooperate digital payment in banks

The Bank of South Sudan, telecommunication operators, and the National Communication Authority have formed a committee to fast-track a transition from cash-based transactions to digital payments across sectors. This move aims to integrate mobile money platforms with commercial banks, develop affordable salary withdrawal tariffs for civil servants, enhance financial transparency, and restore public confidence in the banking system. In a statement…