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The use of USSD increased by 14.5 per cent in March 2020, due to COVID-19 restrictions and in June same year, the value in monetary term was put at N390 billion and monthly average value of USSD transactions rose to N230 billion. Guaranty Trust Bank (GTB) alone reported ₦3.89 trillion in USSD transaction value for 2020. The USSD service ...
TAJBank Limited, [2] is Nigeria's second Non-interest bank, operating under Islamic banking principles, established in Nigeria with its headquarters in Abuja, the capital city of the country. [3] The Bank operates 45 branches, 5 cash centers and provides regular ATM services as well as Online, Mobile, USSD (*898#) and SMS banking services.
This is a list of commercial banks and other credit institutions with in Nigeria, as updated late 2024 by the Central Bank of Nigeria. [ 1 ] List of commercial banks
USSD on a Sony Ericsson mobile phone (2005). Unstructured Supplementary Service Data (USSD), sometimes referred to as "quick codes" or "feature codes", is a communications protocol used by GSM cellular telephones to communicate with the mobile network operator's computers.
ETSI and 3rd Generation Partnership Project (3GPP) standards, such as GSM and LTE, define supplementary service codes that make it possible to query and set certain service parameters (e.g., call forwarding) directly from mobile devices.
The headquarters and main branch of this bank are located at 724 Adetokunbo Ademola Street, Victoria Island, Lagos, in the city of Lagos, the financial capital of Nigeria. [5] The geographical coordinates of the bank's headquarters are: 6°25'53.0"N, 3°25'50.0"E (Latitude:6.431389; Longitude:3.430556). [6]
VBank (V by VFD or V) is a virtual bank and platform powered by VFD Microfinance Bank and was launched on March 25, 2020. It was created to offer free online banking. [2] [9] [10] [11] Currently, VBank has onboarded more than 500,000 active individuals and businesses on its mobile banking platform across Nigeria.
In October 2020, the bank joined Open Banking Nigeria, a nonprofit that advocates for a common standard for open Application Programming Interface (API) within the Nigerian financial ecosystem. [17] In 2021, FCMB was named the Best SME Bank in Africa and the Best SME Bank in Nigeria at the Asian Banker Middle East and Africa Regional Awards. [18]