Ussd payment nigeria. 00) and the processing fee is Ten Thousand Naira (N10, 000.

Ussd payment nigeria Jun 20, 2025 · Nigerian telcos recover N170bn from banks in long-standing USSD debt dispute. Its wide adoption rate gives the country a major opportunity to achieve its cashless ambitions. To be sure, USSD Pay by USSD allows Nigerian customers to make payments for goods and services using their bank’s USSD short codes. 1 day ago · NERC has mandated that only CBN-licensed firms can collect electricity payments in Nigeria, introducing new commission caps and registration rules. Whether you’re deep in a rural area or just dealing with poor mobile data, these short codes like *901# or *737# have kept the banking system moving. This service is especially valuable for people in rural areas or anyone who needs to make transactions without internet access. Mar 26, 2025 · With the introduction of USSD (Unstructured Supplementary Service Data) banking in Nigeria has taken a different shape , you can no longer transfer money, buy Airtime , check account balance and many more financial services from your mobile phone. Jun 20, 2024 · All bank USSD codes in Nigeria: USSD banking has quietly become the most reliable tool for millions of Nigerians to access their bank accounts, transfer money, and buy airtime without internet. Jun 19, 2019 · Telcos to receive direct USSD payments as NCC and CBN approve End-User Billing model In a major policy shift aimed at resolving the long-standing USSD debt crisis in Nigeria’s telecom sector, mobile network operators will now receive payments for Unstructured Supplementary Service Data (USSD) services directly from subscribers’ airtime, following a new billing arrangement approved by the Mar 27, 2023 · In 2012, with the provision of favorable regulatory policies by the Central Bank of Nigeria (CBN), Nigeria made great progress in creating a robust payment system through several reforms targeted at growing the system. Nigeria’s digital payments are transforming with NIBSS, USSD banking, and fintech innovation, driving financial inclusion, instant transfers, and global connectivity while powering the nation’s shift towards a cashless economy One particularly useful innovation is USSD banking, which has become incredibly popular for mobile payments. Jun 4, 2025 · The industry regulator, January 15 this year as well directed the telecoms companies to disconnect the USSD codes assigned to nine banks by January 27 due to unpaid debts. Feb 6, 2025 · Despite the adoption of a wide range of electronic payments, cash is still king in Nigeria. It emerged as a consensus option between banking and telecommunications services sectors and their respective regulators (the Central Bank of Nigeria and the Nigerian Communications Commission) to address challenges around the seamless provision of USSD services. WHAT IS Mar 10, 2025 · MTN Nigeria has received N32b from deposit money banks as part of a partial settlement of the long-standing unstructured supplementary service data debt Jul 9, 2025 · In December 2020, the value of USSD transfer payments in Nigeria amounted to over *** billion Naira. Feb 28, 2025 · MTN Nigeria says it received N32 billion from Banks as part payment for unstructured Supplementary service data (USSD) debt. This guide dives deep into everything you need to know about the PalmPay USSD code in 2024, empowering you to manage your money on the go with ease. This article dives deep into everything you need to know about the Paystack USSD code in 2024. Oct 12, 2023 · Searching for 'platforms/banks' USSD codes to renew your DStv subscription package? Learn how to recharge DStv using a USSD code in Nigeria. What is USSD Banking Jun 11, 2025 · The End User Billing (EUB) policy for USSD banking in Nigeria is an important change in how customers are charged for transactions. In providing a sound payment system infrastruc­ture, where stakeholde­rs and customers can consummate business transactio­ns with confidence, trust, and timeliness, Jul 6, 2023 · Whether you run a supermarket chain or an Instagram store, being able to accept digital payments will significantly boost your business. One of their handy features is the USSD code system, allowing your customers to pay you directly from their phones without needing an internet connection. Sep 14, 2025 · Mobile payment is any type of digital payment service that allows users to complete transactions using a portable electronic device such as a cell phone or tablet. From opening bank accounts to transferring funds and checking balances, USSD offers a fast, secure, and easy method that works on all types of mobile phones. Unlike the mobile banking app (internet banking services), to use a USSD code, you don’t necessarily need an internet connection. Three banks remain with payment plans. All you need to do is pick up a teller at any FCMB Bank branch, fill in your name, phone number, and IUC number, and make your deposit at the designated deposit desk. Includes a list of Opay USSD codes, transfer codes, FAQs, and more. Jun 11, 2025 · This post covers a Complete Guide to Airtel Nigeria USSD Codes (2025): Check Balance, Buy Airtime, Data, and More. Mar 26, 2025 · You can easily make transfers, pay your bills, apply for loans, open a bank account, and recharge your phone from anywhere in Nigeria without stress. Requirements, benefits and alternatives Recently, providers of mobile telephony-based financial transactions are increasingly adopting the USSD technology while the range of services supported by their mobile transaction services, using the USSD channel, is broadening rapidly. Here is everything to know about the new policy. 00) and the processing fee is Ten Thousand Naira (N10, 000. Learn more about the Dec 8, 2024 · USSD codes continue to play a crucial role in Nigeria’s financial inclusion strategy, offering a platform for users with limited internet access to make quick and convenient transactions. USSD from the early days The origin of USSD goes back to 1997 with the release of the document on Digital cellular Here're all Airtel USSD codes that are active in Nigeria for airtime and data, including things you need to know about Airtel's *444# code. Jun 15, 2025 · The implementation of the EUB system is the regulator’s attempt to address the historical USSD payment conflict between telcos and banks. New billing model ensures faster payments. You can now shop, pay bills, get assistance, and send money using simple number codes on any mobile phone, regardless of internet connectivity. This development, according to the banks, follows a directive of the Nigerian Communications Commission Jun 4, 2025 · NCC announces customers will now pay banks USSD fees through airtime, impacting mobile transactions nationwide. Read how here. Feb 11, 2022 · GOtv payment can also be made physically at any First City Monument Bank (FCMB) branch in Nigeria using the bank teller. How much does short code cost? For now Short Code/USSD are allocated free of charge to applicants on duly completion and submission of the application form and who meets the eligibility criteria. Airtel Nigeria, one of the country’s top telecom operators, provides a comprehensive list of USSD codes that help users quickly check Oct 23, 2025 · In Nigeria, Unstructured Supplementary Service Data (USSD) has become a convenient tool for carrying out essential banking and payment services without the need for a smartphone or data connection. This convenient payment method enables direct transactions from bank accounts without requiring internet access, making it an essential solution in a country with a growing digital economy and varying levels of internet penetration. Mar 19, 2021 · USSDs for financial transactions are majorly regulated by the Central Bank of Nigeria (CBN) Regulatory Framework for the Use of Unstructured Supplementary Service Data (USSD) for Financial Services in Nigeria, 2018; and the Nigerian Communications Commission (NCC) Guidelines on Short Code Operation in Nigeria, 2011. New system eliminates banks as intermediaries, impacting subscribers and banks alike. Jun 18, 2025 · Telecom subscribers in Nigeria will now be charged directly by their mobile network operators for Unstructured Supplementary Service Data (USSD) services, starting Wednesday, June 18, 2025. Apr 17, 2024 · Paying electricity bills online in Nigeria is a convenient and time-saving option that can be easily accessed through various platforms such as mobile banking apps, USSD codes, online payment services, and your electricity provider’s official portal. The results of a survey conducted in 2023 show that cash and debit cards are the most common payment Sep 4, 2025 · New Airtel USSD Codes: Airtel Nigeria updated their USSD codes in May 2023. This new feature allows merchants to receive payments from customers who don’t have access to mobile banking or a payment card. Dec 13, 2024 · The Klasha USSD Payment API allows businesses to accept payments via USSD codes, a method especially effective in regions with limited access to the internet. Mar 4, 2024 · The term USSD stands for “Unstructured Supplementary Service Data. Use our complete list of Nigeria bank USSD codes for transfers, airtime purchases, and bills payments. Sep 26, 2024 · A USSD (Unstructured Supplementary Service Data) code is a unique sequence of digits used by mobile network subscribers to access a wide range of services like banking, customer support, data plans, and among others. Aug 23, 2025 · Nigeria’s digital payments are transforming with NIBSS, USSD banking, and fintech innovation, driving financial inclusion, instant transfers, and global connectivity while powering the nation’s shift towards a cashless economy May 24, 2019 · The Unstructured Supplementary Service Data (USSD) is one of the few payment innovations that have transformed the lifestyle of millions of Nigerians living in urban and rural centres. These payment gateways provide the best value for businesses in Nigeria. Sep 16, 2022 · If you've been looking for how to pay for DStv or GOtv online in South Africa, Nigeria, Kenya or Ghana, you've got it. USSD codes, also known as “Unstructured Supplementary Service Data” codes, are shortcodes that can be entered into a mobile phone to access various services. Mar 18, 2024 · Learn how to use Opay transfer codes in Nigeria with this complete guide. This Jun 19, 2025 · Nigeria's USSD billing system changes: Telcos now directly charge airtime for services. While cash remains relevant, the adoption of non-cash payment channels has surged. May 27, 2019 · NIYI TOLUWALOPE, managing director and CEO of E-Tranzact, one of the leading switching companies in Nigeria in this exclusive interview with BusinessDay’s FRANK ELEANYA revealed why the company pioneered the Unstructured Supplementary Service Data (USSD) payment in the country and the first mobile money transaction in Nigeria. how to create ussd pin for sterling bank. This is why everyone, including telecom operators that provide the infrastructure, wants in on it. In December 2020, the value of USSD transfer payments in Nigeria amounted to over 550 billion Naira. Let’s dive into everything you need to know about these new codes and how to manage your Airtel account with ease! Shortcode Nigeria offers Toll Free USSD, Toll Free SMS, Shortcode IVR, USSD for Voting, SIM Hosting, and USSD payment solutions in Nigeria. DPO Group operates in over 20 countries across the continent. In this article, we will discuss the step-by-step process for paying for DStv using USSD codes in Nigeria. Jun 3, 2025 · 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. Note: E-payment includes ATM, PoS, Web/Online/Internet, NEFT, RTGS, USSD, Mobile App, and Direct Debit INDUSTRY DATA BY E-PAYMENT CHANNELS AND OTHERS FOR JANUARY TO DECEMBER 2023 Apr 7, 2021 · The Unstructured Supplementary System Data, also known as USSD has become the single most important channel carrying the hope of achieving 80 percent financial inclusion. 17 hours ago · Under the new framework, only entities licensed by the Central Bank of Nigeria, including banks, PSSPs, PTSPs, MMOs, switching companies, card schemes, and super-agents, are eligible to operate as Collection Service Providers. What is USSD Banking? USSD (Unstructured Supplementary Service Data) banking is a mobile communication protocol that allows users to interact with their bank accounts using simple shortcodes. Payment Methods in Nigeria Tigg Paga Mobile Banking Mobile Money Bank Transfers Payment Modes in Nigeria As of June 30, 2024, the payment landscape in Nigeria has undergone significant changes. Mar 20, 2024 · The platform supports numerous payment methods like card payments, account transfers, USSD, and QR Code, and is compatible with major payment systems and card brands such as Verve, Mastercard, and VISA in Nigeria. Learn steps to pay for electricity bill using Opay USSD code & all service providers in Nigeria. Electronic transactions, facilitated by platforms like the NIBSS Instant Payment (NIP), have become increasingly popular. Jan 15, 2023 · One convenient way to pay for DStv service in Nigeria is by using USSD codes. 5 million USSD transactions were recorded in the first nine months of 2020 in Nigeria. Below is a comprehensive list of the Sep 4, 2025 · Paystack USSD Code: Paystack simplifies online and offline payments for businesses in Nigeria. May 12, 2025 · A payment gateway in Nigeria, is a very simple tool that you can use to access payment online. Among services provided through the channel include, account opening, balance and other enquiries, money transfer, airtime vending, bill payment, etc The USSD Dec 26, 2024 · The resolution of the USSD payment debt settlement is crucial for sustaining Nigeria’s financial inclusion goals and ensuring reliable access to mobile banking services The CBN and NCC’s directive for USSD payment debt settlement is a significant move toward resolving a persistent financial dispute. Jul 31, 2025 · In Nigeria and across Africa, you don’t need a smartphone or internet connection to send money instantly. In Nigeria, the allocation and regulation of USSD short codes are done by the Nigerian Communications Commission (NCC) under specific guidelines to ensure a well-organized . Pay by USSD allows Nigerian customers to make payments for goods and services using their bank’s USSD short codes. It could be used through bank card transfers or even USSD codes. Paga, Tingg, and other mobile money services compete with mobile banking applications and bank unstructured supplementary service data (USSD) channels for send-and-receive transactions and bill payments. However, the application form is One Thousand Naira (N1,000. Banks, discount houses, Nigeria Inter-Bank Settlement System (NIBSS), Nigeria Stock Exchange, payment service providers and switching companies, remain the key players in the Nigerian payments system. how to activate heritage bank transfer code. how to activate polaris bank ussd code. Feb 4, 2023 · How to Pay for GOtv Subscription via USSD Code To pay for your GOtv subscription via USSD code, follow the procedures below: To pay for your GOtv Subscription using the USSD code, you’ll need to make use of your bank’s USSD banking code 9 Best iOS Phones in Nigeria and their Prices Dec 21, 2022 · In this article, we will be taking you through a step-by-step guide on how to recharge your DStv account using USSD code. In Nigeria, USSD codes remain one of the most convenient ways to access mobile network services without relying on internet connectivity. Apr 25, 2022 · A total of 336. With the benefit of being quick and convenient, mobile payment in Nigeria is fast growing and comes in many forms, from USSD codes to digital wallets and peer-to-peer apps. As of February 28, MTN Nigeria Communications Plc, disclosed said it received N32 billion out of N72 billion from the DMBs as part of payment for the USSD debt in the ecosystem. Whether you want to check your balance, transfer money, or pay bills, these USSD codes work on even the most basic feature phones. The guideline sets binding maximum commissions for all USSD, PoS, app-based, banking, and rural payment channels. Whether you’re in a remote village or dealing with network outages, USSD banking has your back. To make a payment via this channel, all you have to do is use your phone to dial a code we provide, verify it using your PIN or the last four digits of your card, and then confirm the payment on our checkout form. Transact globally with ease—hold multiple currencies, spend locally, and make international payments with Paga. Oct 17, 2025 · USSD Codes For Nigerian Banks And How To Use Them Make transactions without using the internet or a smartphone. Nigerian customers can pay any Nigeria-based Paystack business using our USSD channel. This Sep 4, 2025 · PalmPay USSD Code: PalmPay, a popular mobile payment platform in Nigeria, offers a convenient USSD code service that allows you to conduct various transactions without needing an internet connection. Mar 5, 2025 · USSD banking is still a lifesaver in Nigeria in 2025. Here’s my up-to-date guide to the latest Nigerian bank USSD codes and how to use them. I use it all the time—no internet, no smartphone required, just a simple code dialed on any phone. USSD Payments now available in Nigeria We’ve added a new form of payment that will allow merchants to be paid by their customers via a USSD code (or Unstructured Supplementary Service Data). Jan 18, 2025 · This guide offers a comprehensive overview of Nigeria's top banks and their USSD banking codes, helping you make the most of mobile banking services. ” It is a unique communication protocol that is applicable within Global System for Mobile (GSM) networks, facilitated by telecommunication providers, and used for sending short messages. 00). Thanks to USSD (Unstructured Supplementary Service Data) codes, anyone with a basic phone can move funds, pay bills, or recharge airtime—anytime, anywhere. Nigerians now prefer digital methods for making payments, reflecting a shift List of Nigerian Banks USSD Shortcodes for transfers, bill payments, checking balance, BVN updates, etc.