Ahead of the impending disconnection of Unstructured Supplementary Service Data (USSD) of nine commercial banks, the affected deposit money banks have now begun moves to settle their debt before the January 27th deadline.
This is even as the operators blamed the telecom regulator for dragging its feet in taking action, which led to the accumulation of the debt to about N160 billion until late last year when some of the banks started paying.
USSD banking is an SMS-based mobile banking service that allows users to interact with their bank directly from their mobile phones.
Millions of Nigerian bank customers use the USSD codes to access financial services like transfers, bill payments and airtime recharges on a daily basis.
Aside from the threat of disconnection from the networks, the Nigerian Communications Commission (NCC) in a public notice issued last week said it would also withdraw the shortcodes allocated to the nine affected banks after January 27th.
