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MTN to Offer Mobile Banking in Nigeria Next Year

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MTN Group will apply for a mobile banking licence in Nigeria and plans to launch the service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest market.

Federal government announced last month that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya.

MTN runs Nigeria’s biggest mobile phone network serving 56 million people, but it is also involved in a dispute with the authorities after the Central Bank of Nigeria, CBN said it illegally transferred $8.1 billion overseas.

Separately, it has been slapped with a $2 billion Nigerian tax bill and whether those issues could influence how quickly MTN secures a licence remains to be seen.

“We will be applying for a payment service banking licence in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019,” Rob Shuter told a telecoms conference in Cape Town.


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Telecom

MTN Nigeria Recovers N32Bn out of N74Bn USSD Debt

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Karl Toriola, chief executive officer of MTN Nigeria Communications Plc
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MTN Nigeria has recovered N32 billion from Nigerian banks as part of the N74 billion outstanding debt owed to the telecom operator for Unstructured Supplementary Service Data (USSD) service charges.

MTN Nigeria Recovers N32Bn out of N74Bn USSD Debt

However, N42 billion remains unpaid, highlighting the lingering tensions in the protracted dispute between banks and telecom companies.

USSD, otherwise quick codes or “feature codes s a Global System for Mobile Communications (GSM) protocol that is used to send text messages.

According to MTN Nigeria’s Q5 financial statement, the circular specified that: “The directive from CBN and NCC requires sixty percent (60%) of all pre-API invoices to be paid as full and final settlement by 2 July 2025 while for post-API invoices the DMBs are required to pay 85 percent (85%) of outstanding invoices issued after the February 2022 implementation of APIs by 31 December 2024. In addition, future invoices are to be settled within one month of issuance.

Based on this directive, on 31 December 2024 MTN received N32 billion payment from the banks out of the N74 billion in CBN and NCC circulars to banks,” they stated.

Recall that telecommunications companies had threatened to withdraw their services over the N250 billion accumulated debt by banks.

In December 2024, the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) issued a joint circular to resolve the long-standing USSD debt impasse between banks and mobile network operators (MNOs).

 

 


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Telecom

Microsoft Confirms Skype is Shutting Down

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Microsoft has confirmed that Skype will shut down on May 20, 2025, with the free version of Microsoft Teams for consumers as the designated successor.

Microsoft Confirms Skype is Shutting Down

The company said, “Skype users will be in control, they’ll have the choice. They can migrate their conversation history and their contacts out and move on if they want, or they can migrate to Teams.”

However, telephony features are being discontinued.

Skype, the once one of the go-to messaging platforms is being shut down after 21 years.

The video calling service that was

Introduced in 2003, Skype was then acquired by Microsoft in 2011.

It was used as a replacement for early communications apps like Windows Live Messenger, but the history of the Skype platform within Microsoft products has been bumpy.

The writing has been on the wall for a while now since Microsoft has put most of its efforts over the last decade into its Teams platform.

Skype has also become less relevant over the years as platforms like Google Chat, WhatsApp Messenger, Facebook’s Messenger, Zoom and Apple’s FaceTime have taken over the mobile video calling space.

 

 

 

 


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Telecom

GSMA Report Finds 70 Percent of Consumers Willing to Pay Premium for Environmentally Friendly Phones

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Fast-changing consumer attitudes towards repair and reuse of mobile phones are driving a rapidly growing market for ‘circular’ devices and services which could exceed $150bn by 2027, according to a new report published today by the GSMA, which represents mobile operators worldwide.

As technology leaders prepare to gather for MWC25 Barcelona, the world’s largest and most influential connectivity event, the GSMA’s ‘Rethinking Mobile Phones: the Business Case for Circularity’ report which surveyed more than 10,000 mobile phone users across 26 countries worldwide, shows that evolving consumer attitudes, regulatory changes and the growing impacts of e-waste are converging to challenge the traditional linear business model of the mobile phone industry.

With more than 70% of consumers surveyed globally stating that they would be prepared to spend more for environmentally friendly phones, the report highlights the growing opportunity for the mobile industry to embrace circularity, not simply for positive environmental reasons, but also commercial benefits.

Within the report, a survey of 31 operators from around the world highlights how they are embracing circular business models. 90% of operators surveyed already operate at least one circular business model, with refurbishment and e-waste management being the most popular.

However, respondents recognised huge potential in scaling up further; 80% with refurb programmes thought ‘a lot more’ could be done.

This could include developing leasing, renewal and upgrade propositions which would tap into new revenue streams, increase customer loyalty, and provide quality assurance.

Steven Moore, Head of Climate Action, GSMA, said: Fast-growing consumer demand for green and refurbished phones, as well as repair services, is a fantastic business opportunity for the mobile industry.

Unlocking this requires strong collaboration across the value chain, helped by enabling policies and incentives from governments, bringing together manufacturers, mobile operators, refurbishers, repairers, and recyclers to address key barriers to unlock new revenue streams and future-proof business models.”

 


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