Business

CBN expends implementation of USSD in financial institutions to October 2018

CBN-2.jpg

The CBN on Friday extended the date for the implementation of the Regulatory frame work for the use of Unstructured Supplementary Service Data (USSD) in the Nigerian financial system to October 2018. This was supposed to have taken effect from today June 1, 2018.

The CBN stated this in a circular to all Deposit Money Banks (DMBs), Mobile Money Operators (MMOs), Payment Solution Service Providers (PSSPS) and other service providers.

The circular signed by Dipo Fatokun, Director, Banking and Payments System Department, the date was extended in order to fully realize the objective of the frame work.

Advertisements

Categories: Business, News