3rd day as GTBank, Access Bank etc block bank recharge in…

3rd day as GTBank, Access Bank etc block bank recharge in protest against MTN, ban other network services

Guaranty Trust Bank, Access Bank and other deposit money bank have blocked subscribers of MTN from using their services as both sectors continue their feud over Commission rate.

The telecoms company and the financial sector couldn’t reach an agreement regarding the fee sharing from the Unstructured Supplementary Service Data (USSD).

MTN had reduced the commission of some banks, while it increased that of others.

The y’ello network provider cut the rate to 2.5% from 3.5%, but the commercial banks requested for the old amount to be restored.

Refuser on the part of MTN led to the management of the lenders to block the telco’s subscribers from accessing financial services such as USSD and banking apps.

While some MTN customers began to experience the inability to access their bank’s digital services on Thursday, April 1, 2021, others noticed they have been blocked on Friday, April 2

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