MTN has named CWG’s BillsnPay and other fintech companies as alternative airtime top-up channels, as the Telecoms company plans to meet banks on Tuesday, April 6, 2021.
This was disclosed by the company in a statement issued on Monday.
The Telco giant took the decision after banks shut down the use of Unstructured Supplementary Service Data (USSD) by subscribers across Nigeria.
Why recharging via FinTechs is better
Unlike commercial banks, recharging mobile lines or data plans via Fintech platforms (including Billsnpay) is cheaper for subscribers, as the latter offers 2% or more discount in support of the cashless policy.
The statement issued by MTN read, in part, “You can buy airtime with ease, in a flash and from any service provider of your choice. You spend less and save more because all airtime purchases attract 2% on the platforms.
The selection of alternative platforms like the Billsnpay is for the benefit of the customers who have been greatly inconvenienced by the service suspension from the banks.”
The solution seeks to transform the ‘paper-based/bank-alert-based’ transactions validation system that is common to a proper digital receipt that can be tendered in a court of law.