
Central Bank of Nigeria
The Regulatory Framework for the Use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System
- Author
- Central Bank of Nigeria
- Year
- 2018
- Pages
- 6 pages
This framework regulates the use of USSD for financial services in Nigeria by identifying ecosystem participants, establishing eligibility requirements for unique short codes, and prescribing security, authentication, encryption, transaction-limit, monitoring, customer-control, dispute-resolution, service-level, and compliance measures. It also provides for sanctions by the Central Bank…