2018-04-25 | BPS/DIR/GEN/CIR/04/016

The Circular on the Regulatory Framework for the Use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System

The Central Bank of Nigeria (CBN) releases a regulatory framework for the use of Unstructured Supplementary Service Data (USSD) in the country's financial system, effective June 1, 2018. The framework aims to enhance the security of electronic payments and promote financial inclusion. It outlines the roles of various participants, including financial institutions, mobile money operators, mobile network operators, and value-added service providers, in the USSD ecosystem.

Nigeria

Central Bank of Nigeria

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