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Central Bank of Nigeria

The Regulatory Framework for the Use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System

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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…

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