With all the banks in the country now having Unstructured Supplementary Service Data (USSD) codes for banking transactions, the Central Bank of Nigeria (CBN) has issued an exposure draft regulatory framework for the use of USSD codes in the country.
The regulatory framework according to the apex bank is to ensure that the vulnerabilities in the technology world does not put customers' fund at risk. CBN's director, banking and payment systems 'Dipo Fatokun had earlier noted that the apex bank was in discussions with the banks to ensure the safety of customer funds through the USSD baking platforms.
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