Deposit money banks (DMBs) in Nigeria will now deduct charges for unstructured supplementary service data (USSD) transactions directly from customers’ airtime as opposed to their bank accounts.
This development, according to the banks, follows a directive of the Nigerian Communications Commission (NCC) on the implementation of end-user billing proposed years ago.
UBA clarified that under this new billing structure, each USSD session will attract a charge of N6.98 per 120 seconds, which will be billed by the customer’s mobile network operator.