Nigerian banks not indebted to MTN Nigeria or other telcos
The issue arose after MTN reduced a commission charged on airtime purchases through banking channels by almost half to 2.5%
09 April 2021 - 11:43
Lagos — Nigerian banks are not indebted to MTN Nigeria and other phone companies for using telecom platforms to provide payment services, a bank CEO has said.
“There is no such thing as an obligation due from banks to telcos,” Herbert Wigwe, CEO of Access Bank, said on an investor call in Lagos on Thursday. “We chose not to make a public statement out of it because it is not appropriate for us to be found fighting with telcos in public.” ..
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