After 48 hours of disconnecting MTN customers from banking
channels including the Unstructured Supplementary Service Data and banking
apps, commercial banks on Sunday have reconnected MTN customers to banking
channels.
Our correspondent gathered that the development followed the
intervention of the Minister of Communications and Digital Economy, Isa
Pantami; and the Governor of the Central Bank of Nigeria, Godwin Emefiele.
Recall that the banks blocked MTN customers
on Friday, leaving millions of MTN subscribers frustrated as they were unable
to recharge airtime via USSD amid the Easter celebrations.
MTN, with about 77 million subscribers, making up about 45
per cent of the total telecommunication market share in Nigeria, is arguably
the largest telecommunication operator in the country.
The blockade occurred when the telco reduced the banks’
commission from 4.5 per cent to 2.5 per cent. The banks had written MTN to
revert to the old commission, otherwise, they would block MTN airtime in all
their channels.
The banks, except Zenith Bank which was connected directly
to MTN, subsequently blocked MTN from their banking channels, leaving millions
of customers stranded as they were unable to recharge virtually.
MTN had explored alternative electronic payment platforms
such as Flutterwave, Jumia Pay, OPay, Kuda, Carbon and BillsnPay for customer
to recharge their phones.
Details later…
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