• Trapped funds, DND, other challenges shrink sub-sector by 35%
• Operators write NCC, seek intervention
• NCC plans review of VAS industry for more efficiency
• Big banks delay settlement of N200b USSD debts
Amid calls by the mobile network operators on deposit money banks (DMBs) to pay up the legacy N200 billion unstructured supplementary service data (USSD) debts owed them, the telcos, in turn, are sitting on hundreds of millions of naira of unfulfilled commitment to value-added service (VAS) providers.
The Guardian gathered that some of the debts, largely owed by telecoms operators, have lingered for about 24 months.
The Guardian gathered that apart from the battle the industry had with the introduction of the Do-Not-Disturb (DND) in 2017, which was created by the regulator, the Nigerian Communications Commission (NCC), other challenges, including trapped funds, have cut the VAS ecosystem growth by about 35 per cent with thousands of…
Source: Guardian Newspaper
